Adjustments needed for oil and gas sector to overcome hardships Business

Adjustments needed for oil and gas sector to overcome hardships

Currently, the oil and gas industry is suffering from the double impact of the Covid-19 epidemic and decline in oil prices that greatly affects the production and business plan in particular and the operation of the Vietnam Oil and Gas Group (PetroVietnam or PVN) in general.
Construction starts on one-million-tonne Thi Vai LNG warehouse Business

Construction starts on one-million-tonne Thi Vai LNG warehouse

The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.
PVN’s business result exceeds set target Business

PVN’s business result exceeds set target

The Vietnam Oil and Gas Group (PVN) gained 365.5 trillion VND (15.78 billion USD) in revenue in the first half of this year, or 18 percent higher than its six-month plan, heard a conference held by the group on July 17.
Japanese bank eyes EVN’s energy projects Business

Japanese bank eyes EVN’s energy projects

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.
National oil group’s six-month business tops plan Business

National oil group’s six-month business tops plan

The Vietnam Oil and Gas Group (PVN) has announced it generated a total revenue of 365.5 trillion VND (15.8 billion USD) in the first half of this year, 18 percent higher than the six-month target and equivalent to 60 percent of the yearly goal.
Limit scrapped for foreign ownership in PVFCCo Business

Limit scrapped for foreign ownership in PVFCCo

Foreign investors can now acquire more than 49 percent of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.
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.