Petrol price subsidization fund remains in good shape

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SaiGon GP English 22 hour(s) ago

The petrol price subsidization fund remains in strong financial shape, having roughly VND1,821 billion (US$80 million), reported the Ministry of Industry and Trade on 28 February.

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Doubts about upcoming HoSE heavyweight Petrolimex’s prospects

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Báo Đầu Tư English 7 day(s) ago 1 related news

A scheduled listing on stock exchange is causing the price of the stock of Vietnam National Petroleum Group, or Petrolimex’s stock (OTC: PLX) to soar, however, there are many factors that may make the stock not as attractive as investors speculate.

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Petrol price drops over VND700 a liter

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SaiGon GP English 7 day(s) ago

The Ministry of Finance and the Ministry of Industry and Trade yesterday afternoon decided to reduce Ron 92 gasoline price by VND708 a liter to VND17,314.

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OPEC detects 'high compliance' with oil cut deal

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Báo Đầu Tư English 2 week(s) ago

PARIS: OPEC said on Tuesday (Mar 14) oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices.

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PV Oil to sell 40% stake to investors

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Báo Đầu Tư English 2 week(s) ago

PetroVietnam Oil Corporation (PV Oil), a subsidiary of PetroVietnam, is planning to sell a 40 per cent stake to strategic investors in the upcoming equitisation expected by the end of June this year.

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SCG now sole foreign investor in Long Son refinery

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Báo Đầu Tư English 3 week(s) ago

Siam Cement Group (SCG) has finished acquiring the stake of former venture partner Qatar Petroleum (QP) in Long Son Petrochemical Complex, as reported by The Bangkok Post.

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More foreigners can now retail fuel in Vietnam?

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Báo Đầu Tư English 3 week(s) ago

PetroVietnam Oil Corporation (PV Oil), a member of national oil and gas group PetroVietnam, will sell a 40 per cent share in the second quarter of 2017.

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

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Báo Đầu Tư English 1 month(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 1 month(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 1 month(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 1 month(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 month(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 month(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 month(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 1 month(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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