Gigantic Victory Nhon Hoi oil refinery downsized

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Báo Đầu Tư English 5 day(s) ago

Gigantic Victory Nhon Hoi oil refinery downsized

Victory Nhon Hoi, a multi-billion dollar oil refining and petrochemical project in Vietnam’s south-central coastal province of Binh Dinh, which has stalled for three years, is likely to see its capacity and scope downsized.

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MoF requests re-assessment of $250 million petroleum project

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Báo Đầu Tư English 2 week(s) ago

MoF requests re-assessment of $250 million petroleum project

The Ministry of Finance (MoF) has just published its official stance on the Ministry of Industry and Trade (MoIT’s) proposal on supplementing the project on building an underground petroleum storage facility for commercial purposes at Dung Quat Economic Zone in Quang Ngai province.

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Output difficulties shut down multi-million dollar ethanol factories

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Báo Đầu Tư English 3 week(s) ago

Output difficulties shut down multi-million dollar ethanol factories

Oversupply and high manufacturing costs, as well as a chronic lack of state support are the major reasons behind the closing of ethanol factories in general and PetroVietnam factories in particular, according to newswire Tuoitre.

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Curtain call for $85.1 million bio-ethanol factory in Quang Ngai

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Báo Đầu Tư English 1 month(s) ago 1 related news

Curtain call for $85.1 million bio-ethanol factory in Quang Ngai

Bio-ethanol Dung Quat factory in the central province of Quang Ngai has temporarily stopped operations after four years due to continuing losses.

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USD90 million ethanol plant halt operations due to big losses

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Báo Dân Trí English 1 month(s) ago

USD90 million ethanol plant halt operations due to big losses

Dung Quat Bio-Ethanol Plant has had to shut down after just four years due to major losses.

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Finance ministry backs PetroVietnam demand for tax break for Dung Quat refinery

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Báo Thanh Niên English 1 month(s) ago 1 related news

Finance ministry backs PetroVietnam demand for tax break for Dung Quat refinery

An undated photo of Dung Quat oil refinery in the central province of Quang Ngai. Photo: Hien Cu

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PVN continues to beg for Dung Quat Refinery import tax cut

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Báo Dân Trí English 1 month(s) ago 1 related news

PVN continues to beg for Dung Quat Refinery import tax cut

Vietnam National Oil and Gas Group (PVN) has proposed to cut fuel tax rate to reduce losses due to decreasing world fuel prices.

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MPI warns PetroVietnam proposal may create monopoly

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VietnamNet English 1 month(s) ago

MPI warns PetroVietnam proposal may create monopoly

VietNamNet Bridge - The proposal by the national oil and gas group PetroVietnam to force domestic enterprises to buy petroleum products from domestic sources will create a monopoly, the Ministry of Planning and Investment (MPI) has warned.

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Oil refinery projects delayed on oil price slump

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VietnamNet English 2 month(s) ago

Oil refinery projects delayed on oil price slump

VietNamNet Bridge - The continued sharp fall in the oil price has caused investors to hesitate starting the oil refinery projects they promised. Sources said some investors may give up the projects.

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Ministry dismisses PetroVietnam's proposal for protectionism: report

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Báo Thanh Niên English 2 month(s) ago

Ministry dismisses PetroVietnam's proposal for protectionism: report

At least one ministry has explicitly rejected a proposal for limiting fuel imports submitted by state-owned energy giant PetroVietnam, whose products have been struggling to compete with cheap imports, local media reported on Friday.

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Vietnam gives thumbs down to state oil giant’s bid to monopolize market

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam gives thumbs down to state oil giant’s bid to monopolize market

Oil and gas behemoth PetroVietnam has demanded that all local fuel businesses be obliged to buy products of its refinery before purchasing from foreign sources, but the demand has been turned down by relevant ministries.

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Foreigners shun local oil ventures after price slide

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VietnamNet English 2 month(s) ago 1 related news

Foreigners shun local oil ventures after price slide

VietNamNet Bridge – Reeling from the downturn of the global oil market over the last two years, foreign investors in the Vietnamese oil and gas industry are facing difficulties in finding new partners to proceed with projects currently under construction.

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Economists slam PetroVietnam's tax break proposal for Dung Quat refinery

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Báo Thanh Niên English 2 month(s) ago

Economists slam PetroVietnam's tax break proposal for Dung Quat refinery

State-owned oil giant PetroVietnam has provoked strong criticism with a new petition demanding for tax breaks for the country's sole refinery Dung Quat, an underperforming business project that many economists believe does not deserve more support.

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Thanks to special incentives, Dung Quat Oil Refinery avoids US$1bil. loss

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VietnamNet English 2 month(s) ago

Thanks to special incentives, Dung Quat Oil Refinery avoids US$1bil. loss

VietNamNet Bridge – Without the government’s incentives, Vietnam’s first oil refinery of Dung Quat would have had losses of VND27,600 billion (over $1 billion) since 2010, when it began operating.

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Vietnam’s sole refinery forced out of business

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VietnamNet English 2 month(s) ago

Vietnam’s sole refinery forced out of business

Dung Quat refinery may have to close temporarily because its main products, diesel and Jet A1 fuel, cannot compete with imported counterparts since the tariff on diesel and Jet A1 from ASEAN member states has been eliminated, starting from 2016.

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