The Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country, with 50.6 trillion VND in pre-tax profit in 2018, up 7.5 percent year-on-year.
The success application of a solution to analysearsenic content in samples at Dung Quat Refinery to prevent and control the effects of arsenic at the workshop has savedabout 1 billion VND per year.
The Investigation Police Bureau for Economic Management Order Offences (C46) on June 21 began proceeding procedures against four people accused of abusing position and power to appropriate assets in three petroleum companies under the Vietnam National Oil and Gas Group (PetroVietnam).
The Investigation Police Agency under the Ministry of Public Security has prosecuted and put in temporary detention two former leaders of Binh Son Refining and Petrochemical Co., Ltd (BSR) on the charge of “abusing position and power to appropriate assets”.
Vu Manh Tung, former Deputy Director General of the Binh Son Refining and Petrochemical Co. Ltd, has been prosecuted and taken into temporary detention over the charge of “abusing position and power to appropriate assets.”
The State-owned Vietnam Oil and Gas Group (PetroVietnam or PVN) has drafted a plan for a comprehensive restructuring until 2025, under which it will continue with large-scale divestment from all of its member corporations and companies.
The Binh Son Refining and Petrochemical Company (BSR) reported pre-tax profits of 1.3 trillion VND (57.1 million USD) in the first quarter of 2018, up 46 percent compared to the quarterly target.
The Vietnam Oil and Gas Group (PetroVietnam) plans to reduce its ownership of PetroVietnam Gas Joint Stock Company (PV Gas) from the current 97 percent to 65 percent.
Proceeds from the sale of State capital at Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.
Binh Son Refining and Petrochemical Co Ltd (BSR), operator of Dung Quat Refinery, has targeted total revenue of nearly 78.4 trillion VND (3.44 billion USD) and after-tax profit of more than 3.47 trillion VND in 2018.
Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year.
Binh Son Refining and Petrochemical Co. Ltd. (BSR) has signed crude oil supply agreements with two trading companies – Glencore Singapore and Socar Trading SA – to supply the Dung Quat refinery for the 2018-25 period.
Vietnamese shares traded sluggishly last week on the back of large-cap stocks and the current condition is expected to remain in the coming week, according to analysts and brokerage firms.
The Prime Minister agreed to support a request by Binh Son Refining & Petrochemical Co Ltd to adopt a more favourable policy to help its Dung Quat oil refinery compete with imported petroleum products
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the Government on equitisation of State-owned enterprises.
Vietnam Airlines has decided to use Jet A1 fuel from the Dung Quat
Oil Refinery for its fleets from June 30, said the general director of
the Binh Son Refining and Petrochemical Co, Nguyen Hoai Giang.
Domestic demand for the Dung Quat Oil Refinery's petroleum products has
been rising sharply due to exchange-rate volatility and an imbalance in
foreign-currency supply and demand, said Nguyen Hoai Giang, general
director of the Binh Son Refining and Petrochemical Co Ltd, the
refinery's operator.
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