Plunging oil prices are spurring domestic consumption in Vietnam in a boost to the economy. They also threaten the country’s efforts to curb its budget deficit, presenting a dilemma for the government.
mardi 27 janvier 2015
lundi 19 janvier 2015
Vietnam’s national oil company PetroVietnam is considering cutting oil production this year by around 450,000 tons as a result of declining oil prices.
lundi 22 décembre 2014
Vietnam will grant the licence for a $22 billion refinery and petrochemical complex that will be jointly developed by Thailand's top energy company PTT Pcl and Saudi Aramco, the world's biggest oil producer, no later than February 2015, a Vietnamese government official said on Monday.
jeudi 11 décembre 2014
Vietnam is expected to produce more than 17 million tonnes of crude oil this year (341,000 barrels per day), beating its annual target by at least 5 percent, state oil and gas group Petrovietnam said.
lundi 27 octobre 2014
NEW DELHI: Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of South East Asian nation's Prime Miniter Nguyen Tan Dung on October 27.
jeudi 9 octobre 2014
Vietnam Oil and Gas Group (PetroVietnam) has discovered a major gas deposit off the country's central coast, the company's chairman said Wednesday.
mercredi 3 septembre 2014
Top Thai energy firm PTT Pcl said it would make a proposal to the Vietnamese government to build a $20 billion refinery and petrochemical complex, revised down from an earlier project discussed two years ago.
jeudi 21 août 2014
NEW DELHI - Vietnam has renewed India's lease of two oil blocks in the South China Sea for another year, on the eve of foreign minister Sushma Swaraj's first visit to Hanoi next week. The move reaffirms India's position as a continuing commercial stakeholder in a region where territorial disputes between southeast Asian nations and China have flared up recently.
lundi 24 février 2014
The domestic prices of gasoline were increased by VND300 per liter on Friday after authorities approved the move, saying the hike was necessary following global price fluctuations.
lundi 20 janvier 2014
Vietnam's imports of oil products trended lower for the second consecutive year in 2013 amid increased domestic production and continued economic weakness, an analyst from the Vietnam Petroleum Institute said Friday.
dimanche 1 décembre 2013
Vietnam is likely to maintain its current oil production level of about 340,000 barrels per day “for the next few years,” according to an official from state-owned Vietnam Oil & Gas Group.
mercredi 20 novembre 2013
NEW DELHI - India has been offered seven oil blocks for offshore exploration on the South China Sea by Vietnam, a move that could pit New Delhi's commercial interests against China's territorial interests in the sea.
lundi 18 novembre 2013
Allocation of oil blocks in Phu Khanh basin of South China Sea could get a quiet burial
mardi 12 novembre 2013
HANOI - Russian firms Rosneft and Gazprom signed a raft of deals with state energy firm Petrovietnam on Tuesday covering fuel supplies, joint exploration and shared investments in Vietnam's $3 billion Dung Quat refinery.
vendredi 6 septembre 2013
Vietnam has increased the fines for foreign entities illegally exploring or drilling for oil or gas in its waters by several times.
jeudi 11 juillet 2013
New Delhi - Notwithstanding China's objections to Indian oil exploration projects, Vietnam today asserted India has the right to pursue "exploration and exploitation work" in South China Sea as they were within Vietnamese "exclusive economic zone".
dimanche 23 juin 2013
HANOI—Vietnam and China have extended an agreement to jointly explore for oil and gas in the Gulf of Tonkin until 2016 and significantly expanded the area involved despite tensions between the two countries over large areas of the South China Sea they both claim.
samedi 6 avril 2013
HANOI — State-owned Vietnam Oil & Gas Group, or PetroVietnam, plans to keep buying foreign oil-and-gas assets and hopes to be producing close to 100,000 barrels a day of oil overseas by 2020, four times the volume expected this year, the company's chief executive said.
dimanche 31 mars 2013
Vietnam has intensified the research on gas hydrate on its waters and continental shelf, a step in its strategy to explore the reserves and choose the technologies for the exploitation of the new type of energy for its socio-economic development and its rights protection in the East Sea.
vendredi 7 décembre 2012
BEIJING - China told Vietnam on Thursday to stop unilateral oil exploration in disputed areas of the South China Sea and not harass Chinese fishing boats, raising tensions in a protracted maritime territorial dispute with its neighbour.
Vietnam Air Petrol Company (Vinapco), a subsidiary of Vietnam Airlines, has been prosecuted for smuggling and tax evasion worth billions of dong.
lundi 3 décembre 2012
HANO — Vietnam’s state-owned oil and gas company accused Chinese fishing boats on Monday of sabotaging one of its seismic survey ships in the South China Sea, adding to already high tensions over Beijing’s disputed territorial claims in the waters.
samedi 15 septembre 2012
HANOI—Vietnam will force state-owned PetroVietnam Oil & Gas to shed money-losing, noncore operations including banking and construction, a major attempt to restructure a sprawling company that has funded a quarter of the government's budget in recent years.
mercredi 11 avril 2012
OAO Gazprom, the world's biggest natural-gas producer, plans to develop two blocks with Vietnam Oil & Gas Group off the coast of the Asian nation.
lundi 19 mars 2012
Vietnam is protesting plans by a Chinese oil company to take bids on developing energy deposits in the contested South China Sea, in a fresh sign that territorial disputes in the region may rise as Beijing, Hanoi and other regional claimants push ahead with development plans.
mercredi 7 mars 2012
Vietnam on Wednesday raised retail prices of oil products by between 3 percent and 12 percent, in line with a recent rise in global oil prices and to discourage smugglers, the Finance Ministry said.
lundi 2 janvier 2012
The Ministry of Finance has decided to impose a 4 percent tariff on imported petrol products after maintaining a zero tariff for 11 months to stabilize prices.
samedi 31 décembre 2011
Tests on gasoline samples suspected of being related to recent vehicular fires in Vietnam revealed no excessive additives which might have caused the blazes, Tuoi Tre reported Saturday.
dimanche 27 novembre 2011
Russia's state-owned gas giant Gazprom and PetroVietnam are looking into further upstream cooperation in Vietnam, Russia and other countries, Gazprom said in a statement late Thursday.
mardi 25 octobre 2011
A delegation of 15 French companies is present in Hanoi from October 25-29 to take part in the “French Pavilion” organised by UBIFRANCE Vietnam during the Oil and Gas Exhibition.
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