PVEP exceeds nine-month oil exploitation target Business

PVEP exceeds nine-month oil exploitation target

The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.6 million tonnes of oil equivalent in the first eight months of this year, surpassing the target by 2 percent and equivalent to 68 percent of the yearly plan.
Weathering COVID-19 “storm”, DQS seeks new customers Business

Weathering COVID-19 “storm”, DQS seeks new customers

The PetroVietnam Exploration Production Corporation (PVEP) has selected the Dung Quat Shipbuilding Industry Company Ltd (DQS) as the contractor to repair and maintain the FPU Dai Hung-01 oil rig, proving that DQS has gained confidence of its customers.
Former Director General of PVEP arrested Society

Former Director General of PVEP arrested

The Investigation Police Agency under the Ministry of Public Security has issued decisions on prosecuting and detaining Do Van Khanh, former Director General of the PetroVietnam Exploration Production Corporation (PVEP).
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).
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.
Vietnamese firms called to invest in Cuba Business

Vietnamese firms called to invest in Cuba

Foreign investors, including those from Vietnam, can invest in Cuba in sci-tech, industrial park and transport infrastructure development, renewable energy and biotechnology.
PetroVietnam develops gas extraction Business

PetroVietnam develops gas extraction

The PetroVietnam Exploration Production Corporation is actively developing a number of gas projects with the aim of extracting the first flows of gas at Su Tu Trang field and at Dai Hung field.
Business

PVEP exceeds six-month oil exploitation goal

The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.8 million tonnes of oil equivalent in the first half of 2015, representing 101 percent of the six-month target and 48 percent of the annual plan.
Vietnam, US issue Joint Statement Politics

Vietnam, US issue Joint Statement

President Truong Tan Sang of Vietnam and President Barack Obama of the United States of America issued a joint statement at the end of their talks in Washington on July 25. The statement runs as follow:

President Barack Obama welcomed President Truong Tan Sang of the Socialist Republic of Vietnam to the White House on July 25, 2013. During their meeting, the two Presidents affirmed their commitment to opening a new phase of bilateral relations between Vietnam and the United States based on mutual respect and common interests. President Truong Tan Sang’s visit comes at an important time for both nations, reflecting a shared desire to build a forward-looking relationship between the two countries.
Business

200 mln USD for Dai Hung oil field development

PetroVietnam Exploration Production Corporation (PVEP) and Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Hanoi branch has signed a 200 million USD loan for the oil field project, Lot 05-1(a).