Tag PetroVietnam
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PetroVietnam subsidiaries told not to close OceanBank deposits

Several PetroVietnam subsidiaries are struggling to maintain cash flow after being told not to withdraw their deposits with the ailing OceanBank.

Vietnam authorities to assess Thai petrochemical plant for license

Vietnam is considering giving fresh permission to Thai conglomerate Siam Cement Group for a long-delayed giant ...

Ministry of Finance cracks the whip on PetroVietnam divestment

The Ministry of Finance has reiterated that the loss-making oil and gas group PetroVietnam has to divest from non-core sectors. 
March 23, 2019 | 07:38 am GMT+7

PetroVietnam's troubled billion-dollar investment in Venezuela probed

The Ministry of Public Security's Investigation Agency is investigating possible fraud by PetroVietnam in its Venezuelan oil exploration and production project.
March 17, 2019 | 02:14 pm GMT+7

PetroVietnam risks losing hundreds of millions of dollars invested abroad

Eleven of PetroVietnam’s 13 foreign oil and gas exploration and extraction projects are at risk of losing their investment.
March 16, 2019 | 08:32 pm GMT+7

​Vietnam’s top oil executive seeks to resign

PetroVietnam's board of directors has received a resignation letter submitted by the state-owned group's general director Nguyen Vu Truong Son.
March 14, 2019 | 09:24 am GMT+7

Vietnam mulls zero tariff on oil, mineral imports

Vietnam is considering scrapping import tariffs on crude oil and minerals.
February 19, 2019 | 02:03 pm GMT+7

Jailed PetroVietnam chief faces another criminal probe

Dinh La Thang will be investigated for losses incurred by a biofuel plant in the northern province of Phu Tho.
January 21, 2019 | 11:48 am GMT+7

Vietnam’s energy powerhouse to list with billion-dollar market cap

PV Power, the country’s second largest power producer, will list on the Ho Chi Minh bourse this month with a market capitalization of $1.5 billion.
January 06, 2019 | 06:47 pm GMT+7

Former oil execs prosecuted in banking graft case

A former CEO and chief accountant of Vietsovpetro are accused of involvement in excess interest payments made by OceanBank.
January 05, 2019 | 12:27 pm GMT+7

Vietnam arrests former CEO of state oil firm

The former CEO of PetroVietnam Exploration Production Corporation was arrested Tuesday for abusing power to appropriate property.
December 19, 2018 | 02:59 pm GMT+7

Vietnam crude oil output to fall 10 pct a year through 2025: PetroVietnam

Vietnam’s crude oil output is expected to fall by 10 percent a year through to 2025 due to declining reserves at existing fields, PetroVietnam said on Wednesday.
October 24, 2018 | 05:37 pm GMT+7

A question mark over $9 billion refinery

PetroVietnam, a principal investor in Vietnam’s largest oil refinery, said that it is finding it “almost impossible” to comply with new investment capital regulations.
July 22, 2018 | 08:08 am GMT+7

Fallen petro chief has second appeal rejected, gets total 30 years in jail

Dinh La Thang's combined jail term of 30 years remains unchanged as the court rejected his claims of innocence.
June 26, 2018 | 11:00 pm GMT+7

Higher oil prices boost profits for Vietnam’s PV Gas

The energy giant has reported strong increases in half-year earnings as oil has traded at higher than expected levels.
June 22, 2018 | 07:52 am GMT+7
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