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crude oil

Petrovietnam to invest 14.23 billion in oil and gas exploration, production by 2030

Petrovietnam to invest $14.23 billion in oil and gas exploration, production by 2030

The group will prioritise its core exploration and production (E&P) activities, including reserve replacement, production from existing fields, development of new projects and opportunities to acquire producing assets, according to Petrovietnam.
Việt Nam proposes tripling capacity of national crude oil reserves

Việt Nam proposes tripling capacity of national crude oil reserves

Việt Nam is considering tripling the planned capacity of national crude oil reserves as it seeks to raise strategic stocks to 90 days of net imports by 2030, while also expanding petroleum links with Laos.
VN records strong increase in fuel imports in the first two months

VN records strong increase in fuel imports in the first two months

Statistics of Vietnam Customs showed that Vietnam spent more than US$1.44 billion importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4 per cent and 43 per cent, respectively, over...
PetroVietnam maintains growth amid declining oil prices

PetroVietnam maintains growth amid declining oil prices

Crude oil prices ped sharply, negatively impacting the production and business activities of PetroVietnam in May, however, through consistent and proactive management, the company achieved high growth across all financial indicators.
Crude oil the most traded commodity

Crude oil the most traded commodity

WTI crude oil was still the most traded product on the Mercantile Exchange of Việt Nam in the first three months of the year.
Dung Quất refinery processes 100 million tonnes of crude oil after 15 years

Dung Quất refinery processes 100 million tonnes of crude oil after 15 years

The Dung Quat Oil Refinery Plant in the central province of Quảng Ngãi, operated by the Bình Sơn Refining and Petrochemical Company (BSR), processed more than 100 million tonnes of crude oil and materials after 15 years of operations.
Rising oil prices lifting prospects of oil, gas companies

Rising oil prices lifting prospects of oil, gas companies

Soaring crude oil prices positively affects production and business activities of many oil and gas enterprises.
Petrovietnams crude oil exploitation accomplishes yearly target

Petrovietnam’s crude oil exploitation accomplishes yearly target

The Viet Nam Oil and Gas Group (Petrovietnam) has fulfilled crude oil exploitation target set for the whole year, 70 days ahead of schedule.
PetroVietnam surpasses oil exploitation by 22 per cent in January-May

PetroVietnam surpasses oil exploitation by 22 per cent in January-May

The Viet Nam Oil and Gas Group (PetroVietnam) pumped 4.55 million tonnes of crude oil in the first five months of 2022, surpassing the plan by 22 per cent, contributing to ensuring national energy security and national development.
Experts raise concerns about imported inflation risk

Experts raise concerns about imported inflation risk

Viet Nam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control.
PetroVietnams crude oil output surpasses target by 24.2 per cent in January

PetroVietnam’s crude oil output surpasses target by 24.2 per cent in January

The Viet Nam Oil and Gas Group (PetroVietnam)’s oil exploitation output in the first month of 2022 reached 0.93 million tonnes, exceeding its set target by 24.2 per cent.
Oil and gas companies recover strongly from last years losses in Q1

Oil and gas companies recover strongly from last year's losses in Q1

Surging international crude price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
PVEP fulfils crude oil exploitation target

PVEP fulfils crude oil exploitation target

The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Việt Nam Oil and Gas Group (PetroVietnam), fulfilled its target of exploiting 2.2 million tonnes of crude oil and selling 1.15 million cu.m of gas for the whole year as...
Shares tumble to three-week decline after oil collapses

Shares tumble to three-week decline after oil collapses

Local stocks were hit hard as investors panicked after US crude West Texas Intermediate (WTI) slumped 306 per cent to finish Monday at negative $37.63 a barrel.
PetroVietnam records production growth but revenue reduction in Q1

PetroVietnam records production growth but revenue reduction in Q1

The Viet Nam Oil and Gas Group (PetroVietnam) achieved its production target but suffered reduction in revenue due to lower crude oil prices in the first quarter of this year.