Former petroleum executives prosecuted for trade fraud Society

Former petroleum executives prosecuted for trade fraud

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).
BSR earns 54 trillion VND in revenue in six months Business

BSR earns 54 trillion VND in revenue in six months

The Binh Son Refining and Petrochemical One Member Co Ltd (BSR), a subsidiary of PetroVietnam, pocketed nearly 54 trillion VND (2.37 billion USD) in revenue in the first six months of the year, accounting for 69 percent of the yearly plan.
PetroVietnam to continue with large-scale divestment  Business

PetroVietnam to continue with large-scale divestment

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.
Binh Son refinery reports high profit Business

Binh Son refinery reports high profit

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.
BSR targets over 3.47 trillion VND profit next year Business

BSR targets over 3.47 trillion VND profit next year

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.
Repsol wants to invest in Dung Quat Refinery Business

Repsol wants to invest in Dung Quat Refinery

Representatives from Spanish energy company Repsol have met with leaders of the Binh Son Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quat Refinery.
PetroVietnam to complete divestment by 2020 Business

PetroVietnam to complete divestment by 2020

Deputy Prime Minister Vuong Dinh Hue has released a list of State-owned enterprises from which the Vietnam Oil and Gas Group (PetroVietnam) must reduce its ownership between 2017 and 2020.
 Dung Quat Refinery plans for IPO Business

Dung Quat Refinery plans for IPO

Vietnam’s first oil refinery operator Binh Son Refinery and Petrochemical Co Ltd (BSR) has planned its domestic initial public offering (IPO) with 5-6 percent of its capital in the fourth quarter of the year.