Petrolimex reports 50 per cent growth in net profit ahead of listing

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Báo Đầu Tư English 1 day(s) ago 2 related news

Vietnam National Petroleum Group (Petrolimex), the biggest fuel distributor in Vietnam and where JX Nippon Oil and Energy Corporation is the sole foreign investor besides the Vietnamese government, reported a net profit of VND5.16 trillion ($226 million), up 50 per cent on-year, before its planned listing by the end of March.

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SCG’s petrochemical project on ice again

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Báo Đầu Tư English 2 day(s) ago 1 related news

Construction of Long Son Petrochemical Complex failed to start by the end of 2016, as was earlier announced by the investors, mainly because withdrawing partner Qatar Petroleum (QP) has not finished transferring its stake to Siam Cement Group (SCG).

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$4.5 billion SCG-led petrochemical complex in Vietnam drags out again

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Báo Đầu Tư English 2 day(s) ago 1 related news

Construction of the Long Son Petrochemical Complex failed to start by the end of 2016 as earlier announced by the investors, mainly because Siam Cement Group (SCG) and withdrawing partner Qatar Petroleum (QP) has not finished the transferring of stake.

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Five more people prosecuted for petroleum firm scam

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Báo Dân Trí English 6 day(s) ago

The Ministry of Public Security’s Investigation Police Agency on February 15 issued a decision to prosecute five people for being found to have involved in asset misappropriation of PetroVietnam Construction Joint Stock Corporation (PVC).

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Nghi Son Refinery may not be eligible for preferential selling price

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Báo Đầu Tư English 1 week(s) ago

PetroVietnam may not have to purchase the products of Nghi Son Refinery and Petrochemical Complex (NSRP), a joint venture between PetroVietnam, Kuwait Petroleum International, Idemitsu Kosan, and Mitsui Chemical International, at the preferential price earlier agreed upon.

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Vietnam demand supports gasoil differentials

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Báo Tuổi Trẻ English 1 week(s) ago

SINGAPORE - Spot demand from Vietnam lent support to gasoil differentials despite ample supply of the fuel, trade sources said.

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Environmental protection tax hike hurts firms

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

The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness against foreign firms, according to the Viet Nam Chamber of Commerce and Industry (VCCI).

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Tien Giang promotes industrial parks

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Báo Đầu Tư English 2 week(s) ago

The Mekong Delta province of Tien Giang has devised numerous comprehensive measures to fully explore local industrial parks (IPs) and industrial clusters (ICs).

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Total drops deal to buy Petronas’ Vietnam LPG operations

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Báo Đầu Tư English 3 week(s) ago

Totalgaz Vietnam Limited Liability Company (TGV), a subsidiary of French integrated oil and gas corporation Total, has terminated the agreement to buy Thang Long LPG Co., Ltd., the liquefied petroleum gas (LPG) storage and bottling subsidiary of Malaysian oil and gas company Petroliam Nasional Berhad (Petronas).

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Interest rate under pressure to remain unchanged

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Báo Đầu Tư English 3 week(s) ago

The central bank has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures, the Nguoi Lao Dong (Labourers) newspaper has reported.

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Oil-dependent US states sliding into recession: S&P

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Báo Đầu Tư English 1 month(s) ago

WASHINGTON: Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover significantly even if prices recover, Standard & Poor's said on Tuesday (Jan 24).

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Vietnam to adopts higher-quality petrol standards

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Báo Dân Trí English 1 month(s) ago

The Vietnam National Petroleum Group (Petrolimex) will finally officially sell Ron 95 which meets European emission level 3 and 4 standards.

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Ministry proposes tax hike on petroleum

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Báo Dân Trí English 1 month(s) ago

The Ministry of Finance has proposed, in a draft law, to almost triple the environmental protection tax on oil and gas consumption from the current VNĐ3,000 (US$0.13) to VNĐ8,000 per litre.

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Vietnam proposes hiking environmental protection tax on gasoline

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s Ministry of Finance has proposed a draft law that suggests nearly tripling environmental protection tax on oil and gas consumption.

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Pledged OPEC cuts encouraging: Kuwait

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Báo Đầu Tư English 1 month(s) ago

KUWAIT CITY: Kuwaiti Oil Minister Essam al-Marzouk, whose country heads a committee to monitor crude output cuts, on Monday (Jan 9) described as encouraging production reductions announced so far.

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