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Production up 16.4% in four months
Tuesday, 29 April 2008

Equipment for the Dung Quat oil refinery arrives at the Dung Quat port in the central province of Quang Ngai. Industrial production value reached more than US$3.4bil this month.Vietnam’s industrial production for April was valued at VND54.988tril (US$3.43bil), reports the General Statistics Office.

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PetroVietnam to form distribution company
Saturday, 26 April 2008

Prime Minister Nguyen Tan Dung has given Vietnam Oil and Gas Group (PetroVietnam) the go-ahead to establish a subsidiary for trading oil and oil products.

According to a decision issued by the Prime Minister’s Office on April 23, Binh Son Refining-Petrochemical Co.Ltd., located in the Dung Quat Economic Zone in Quang Ngai province, will specialise in trading products from the Dung Quat Refinery and will not be involved in any other business.

The 2.5 billion USD Dung Quat Oil Refinery is expected to go on stream next February.

The refinery, with an installed capacity of 140.000 barrels per day, will carry out a test run of its power supply networks at the end of this year.

 
State businesses’ model, land-use up for revision
Thursday, 24 April 2008
Workers welding steel girders to be used in the construction of O Mon power plant in the Can Tho City.State-owned forestry and agricultural farms won't be equitised but their production models will be revised, Deputy Prime Minister Nguyen Sinh Hung has said.
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Vung Tau expected to regain lost FDI lead
Thursday, 24 April 2008
After losing its number two spot in the country’s foreign direct investment (FDI) ranking last year, Ba Ria-Vung Tau province has regained the second position in the first quarter of this year and is expected to reach the pole position for all of 2008, said an official.
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Big economic groups undertake not to raise sale prices
Tuesday, 15 April 2008
In order to implement the Prime Minister’s instruction on restraining commodities’ prices to help curb inflation and stabilise the national economy, most industrial groups have committed not to raise sale prices.
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PetroVietnam hopes to subdue inflation
Tuesday, 08 April 2008
Workers of Vietsopetro run machines on Bach Ho oil rig No 2. Vietsopetro, one of PetroVietnam’s affiliates, plans to explore crude oil at Bach Ho and Dragon oil rigs.The Viet Nam National Oil and Gas Group (PetroVietnam) has committed to taking bold measures to stabilise its prices on Thursday in acknowledgement of Prime Minister Nguyen Tan Dung’s directive to tame inflation.
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PetroVietnam speeds up key oil and gas projects
Sunday, 06 April 2008
The Vietnam National Oil and Gas Group (PetroVietnam) says it will sign joint venture contracts with Japanese and Kuwait partners to build the Nghi Son Oil Refinery and Petrochemical Complex.
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Petroleum industry to enjoy more open policies
Thursday, 03 April 2008
More open policies are to be applied to petroleum exploration and exploitation activities to attract more investment projects and aid the further development of the country’s petroleum sector, according to a bill made to amend and supplement a number of articles of the Petroleum Law.
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