Determining an appropriate reserve level, designing a suitable stockpiling model and defining the responsibilities of the Government and the private sector would depend on Việt Nam''s legal and policy framework, said the JICA expert.
The move comes in response to Resolution No 79-NQ/TW issued by the Politburo on January 6, which sets a target for all state-owned groups and corporations to adopt OECD corporate governance principles by 2030.
The agreements underscore the commitment of Petrovietnam, the Petrovietnam Exploration Production Corporation (PVEP) and their partners to advancing oil and gas exploration, development and production activities, contributing to national energy security.
Industry observers said the appointment reflects Petrovietnam’s strategic focus on green energy transition and international expansion in the coming decade.
Diversifying crude oil supply sources is considered crucial for Nghi Sơn Refinery and Petrochemical LLC (NSRP) in ensuring stable feedstock supplies and safeguarding domestic fuel supply, particularly as traditional crude imports from Kuwait have been affected by tensions in the...
The milestone underscores the company’s strong export momentum and further reinforces its leading position in Việt Nam’s fertiliser export landscape while expanding its international footprint.
The STEM rooms under the STEM Innovation Petrovietnam programme are developed under the model of “speed – standardisation – sustainability”, with modern equipment such as smart interactive boards, AI-IoT systems, VEX robotics sets, 3D printers, CNC cutters and laboratory kits...
The programme, launched during the group’s 50th anniversary celebrations and aligned with recent Government directives on education reform, aims to build 100 international-standard STEM rooms in 34 provinces and cities.
Under the agreement, PVFCCo – Phú Mỹ and NSRP will jointly explore investment opportunities under a business cooperation contract model in several potential projects, including sulphuric acid, ammonia, and carbon black.
Nghi Sơn Refinery and Petrochemical LlC (NSRP) and PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) have signed a cooperation agreement in Kuwait, marking a strategic step in developing chemical and petrochemical projects.
With the starting price setting at VNĐ36,500 per share, PetroVietnam expects to collect at least VNĐ909 billion (US$34.56 million) from this divestment deal.
Each province or city will receive three STEM classrooms, with priority given to remote and border areas and Petrovietnam targets to complete all 100 labs within 100 days by December 31, 2025.