16/08/2012
After suspened a week for broblem repairs at cracking workshop, Dung Quat oil refinery will resume it opereration in August 17th. Mr Nguyen Hoai Giang- General Director of Binh Son Petrochemical Joint Stock Company (Parent of Dung Quat oil refinery)..
16/08/2012
According to figures released by the General Administration of Customs, crude oil export of Vietnam in July reached nearly 1.25 million tonnes, worth USD1.025 billion, up 12.9% in volume and 26.8% in value. Total crude oil exports of Vietnam in the ..
15/08/2012
PV Oil Corp., a unit of state-owned Vietnam Oil & Gas Group or PetroVietnam, is seeking to buy 16,500 cubic meters of fuel oil for September delivery, according to a tender document obtained by Bloomberg News. The supplies are for four tankers used ..
14/08/2012
Domestic gas market has mixed in recent days due to supply shortage after Dung Quat oil refinery suddenly suspended its operation on August 8th, 2012 for repair. Gas retailers said that distributors also cut gas supplies to them, leading negative re..
14/08/2012
Vietnam National Petroleum Corp (Petrolimex) said that gasoline price will officially increase another VND1,100 a liter at all retailer system of Petrolimex since 17h pm, August 13th, 2012. Kerosene price also ase additional VND500-800 a liter/kg. A..
13/08/2012
On August 10th, 2012, major distributors have simultaneously sent a proposal to Ministry of Finance on approving for price increase of fuel again. According to proposal, major distributors need gasoline price to increase additional VND1,400 a liter,..
09/08/2012
The Vietnam-Russia Petroleum Joint Venture Company (Vietsovpetro) has just completed the exploitation of 200 million tonnes of oil from Bach Ho and Rong oilfields as of 5am, August 8th, 2012 since the first oil exploitation at Bach Ho oilfield in Jun..
07/08/2012
As reported from VnExpress, Dung Quat oil refinery after resumed operation less than a month. Talking to VnExpress.net today (August 7th), Mr Nguyen Hoai Giang General Director of Binh Son petrochemical Company insisted: "Dung Quat oil refinery is s..
07/08/2012
To promote the development strategy on strengthening the cooperation with foreign partners as well as to following the terms as agreed in investment promotion conference held in 2010 in Japan, National Petroleum Corporation of Vietnam (PVN) coordinat..
06/08/2012
PV Oil Corp., Vietnam’s state-run oil-marketing company, bought 600,000 barrels of Brunei’s Champion crude for delivery in September to its Dung Quat refinery, said two people who participate in the market. PV Oil bought the cargo from a..
02/08/2012
Right after Finance Ministry released guiding on fuel price increasing in August 1st, 2012, the Vietnam National Petroleum Corporation (Petrolimex) officially decided to increase prices around VND500-900 a liter/kg for all products as of 14h pm the s..
01/08/2012
Since August 1st, retail cooking gas price in domestic market has been increasing forward another VND52,000 to VND367,000 a cylinder of 12kg. Previously, retail prices of cooking gas were prevailling at VND315,000-360,000 a cylinder of 12kg (depend..
31/07/2012
According to calculation from Ban Viet Securities Company (VCSC), in the next few days, gas prices may rise further VND600-1,000 a liter, the second time within a month. As reported by VCSC, the 30-days average price of A92 gasoline has risen to VN..
30/07/2012
State oil group Petrovietnam and Russia's state-owned Zarubezhneft are considering a second joint venture in Russia that would explore for oil and gas in the Barents Sea, the Vietnamese firm said. Officials of the two firms discussed the possible ne..
26/07/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, offered to sell as much as 600,000 barrels of its Bach Ho crude for September, said two traders who received a tender document, asking not to be identified because the information is conf..
25/07/2012
Rusvietpetro, a joint venture between Zarubezhneft OAO (ZRNFT) and Vietnam Oil & Gas Group, plans to start production at an oil field in northern Russia on July 29, International Oil Daily reported, citing company officials. Output at the West Khose..
24/07/2012
PV Oil Corp., Vietnam’s state-run oil-marketing company, sold 300,000 barrels of Chim Sao crude to Japan’s Taiyo Oil for Sept. 17 to Sept. 21 loading at a premium of $4 to $4.50 to dated Brent, said two traders who participate in the mark..
23/07/2012
According to gas retailers in Ho Chi Minh city, gas supplies from distributors for them have been deficit seriously recent days. A gas retailer in Tan Binh District said that he had no receive any cylinder of gas from Than Tai or Gia Dinh …d..
18/07/2012
Vietnam’s Military Petroleum Corp. is seeking to buy 10,000 metric tons of gasoline and fuel oil for July or August delivery, according to documents e-mailed to potential suppliers. Details of the tender are as follow: -----------------------..
18/07/2012
Vietnam’s Ruby crude is said to have sold at the highest premium in three months. PV Oil Co., the state-run oil-marketing company, sold two 300,000 barrel cargoes of Ruby at $2 to $3 a barrel above benchmark Minas crude, said three traders who..
17/07/2012
According to data released by General Administration of Customs, in the first five months this year, Vietnam has exported about 915.6 thousand tonnes of fuel products, worth 929.2 million dollas, up by 0.1% in volume and 11.9% in value compared to th..
16/07/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, offered to sell 250,000 barrels of Song Doc crude for loading in September, according to two traders who participate in the market, asking not to be identified because they aren’t a..
12/07/2012
Mr. Do Van Hau - General Director of the National Petroleum Group of Vietnam (PVN) said that PVN has increased the investment for its ethanol projects up to 5% in the first six months this year. Currently, PVN has three ethanol plants which are going..
11/07/2012
Vietnam Oil & Gas Group, the state- owned oil company known as PetroVietnam, said consolidated pretax profit rose to 30.1 trillion dong ($1.4 billion) in the first six months of the year. Consolidated revenue also increased 20 percent to 203 trillio..
10/07/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, is said to be offering two 300,000-barrel cargoes of Ruby crude for loading in September, according to two traders who participate in the market, asking not to be identified because they ..
09/07/2012
Mr Nguyen Hoai Giang- General Director of Binh Son Petrochemical Co. Ltd said in July 9th that Dung Quat oil refinery has run again after more than 50 days for technical problem repairs. According to Hoai Giang, the technical problem repairs complet..
03/07/2012
Fuel price cut off another VND200-300 a liter Since 19h pm, July 2nd, gasoline price continued to decrease additional VND600 a liter while other fuel products fell around VND200-300 a liter (kg). As a result of a fall in prices in the world market,..
02/07/2012
The retail price of cooking gas in domestic market continued to reduce another VND36,000-37,000 a cylinder in early July. Some major distributors have announced to drop price again on July 1st after Saudi Arabia oil and gas group (Aramco) cut price ..
28/06/2012
Cooking gas retail price in domestic market is expected to reduce around another VND40,000 to VND310,000 a cylinder of 12kg in the early July. Talking to Saigon economic time, spokesmen of major distributors said that cooking gas price in the world ..
27/06/2012
In June 26th, morning, at the exporting port No 5 of Dung Quat oil refinery, Central Petroleum Biofuel Joint Stock Company has sold a cago of 4,300 cubic meters of comercial ethanol fuel for a partner in Philippines The mill produces about 100.00..
22/06/2012
Saigon Petro recently has announced to increase retail price of cooking gas additional VND917 a kg, equivalent to VND11,000 a cylinder of 12kg since June 21st. The increase will push retail price of cooking gas of Saigon Petro to up to VND351,000 a ..
22/06/2012
Acording to document released by Ministry of Finance on operating fuel business, import tax rate of gasoline will lift another 3% and other fuel produdts shall up additional 2%. In detail, the import tax rate of gasoline will lift to 10% from 7%; to..
21/06/2012
Since 16h pm, June 21st, retail price of Ron 92 gasoline will reduce another VND700 to VND21,200 a liter. Other fuel products also down VND300-400 a liter/kg. This is the fourth time retail price of fuel decline in recent two months in the situation..
19/06/2012
Based on the import data from June to now, the base price of gasoline is VND1.700 a liter higher than retail price. WTI crude oil price remains at low in recent days, dragged fuel product prices in the worl market to slump down. In Singapore, a mai..
18/06/2012
As reported in late last week, Ministry of Finance has announced to restore import tax rate to 5% for liquefied petroleum gas (LPG), but did not say the exact time for applying. The news caused major distributors concern about import tax rate of gas..
15/06/2012
Due to the continous decrease in price of gas in the domestic and world market recently, Ministry of Finance plans to restore the import tax rate to 5%. According to the Ministry of Finance, since April so far, price of liquefied petroleum gas (LP..
13/06/2012
Mr Nguyen Hoai Giang- General Director of Binh Son Oil Refining and Petrochemical Co., ltd (Quang Ngai province) said that Dung Quat oil refinery will re-operate in the early next month. Dung Quat oil refinery stoppaged in May 18th for permiting Vie..
11/06/2012
After lowered fuel price, Ministry of Industry and Trade also hiked the import tax rates of fuel another 3% in a same day last week for products belonging to 2710 group. In detail, the import tax of gasoline was adjusted to 7% from 4%, from 3% to 6%..
07/06/2012
Two ministries include Ministry of Industry and Trade, and Ministry of Fininance are watching closely fluctuations of fuel price in the world market in order to make decision for domestic price. Ministries also consider to raise import tax rates of f..
06/06/2012
As reported by Ministry of Industry and Trade, oil and gas exploration activities have been implemented actively as scheduled progress in May. PMI of crude oil and natural gas industry increased by 4,2% from April and up by 6,7% compared to May 2011...
04/06/2012
Junce contract gas price in world market continued to plunge and now is at USD722 a tonne, downed more than USD 130 a tonne from early May. With the decrease of world gas price, some domestic gas companies have announced to lowered their price. In d..
04/06/2012
June contract (CP) cooking gas price in the world market has reduced by USD100-120 a tonne as reported, but the price in domestic market just reduced a half over the world price reduction due to a shortage. In the first five months this year, domedt..
31/05/2012
PV Oil Corp. is seeking to buy gasoil and gasoline for June and July loading, the company said in a document e-mailed to potential suppliers. The company is unit of state-owned Vietnam Oil & Gas Group, or PetroVietnam. Details of the tender are as f..
30/05/2012
Retail of cooking gas in domestic market is expected to reduce further in June, but not much despite contract price (CP) significantly reduced from May contract price. Mr Le Anh Dung- Deputy General Director of Dai Viet Energy Joint Stock Company (V..
29/05/2012
Due to stoppage in Dung Quat oil refinery for checksum and technical error repair before the acceptance of work by the end of June, so fuel output in May is expected to reach 309,000 tonnes, down by 44% from previous month. However, the stoppage of ..
28/05/2012
In Ha Noi, May 24th, General Corporation Oil and technical services air Vietnam (PTSC) General operating company Lam Son (LSJOC) has signed a contract worth USD600 million on supplying services include floating depot, storage, processing and export o..
28/05/2012
The major distributors in fuel sector said the fuel supply in the market is plentiful currenly after they re-imported in April. Especially, in the first half of May, fuel imports of major distributors reached 5.209 million tonnes of kerosene, as repo..
24/05/2012
PV Oil Corp., Vietnam’s state-run oil-marketing company, sold as much as 800,000 barrels of Bach Ho crude at a premium of about $6 a barrel to benchmark Minas oil, said two people with knowledge of the deal, declining to be identified because t..
23/05/2012
After reaching an agreement with Ministry of Industry and Trade, Ministry of Finance (MoF) has issued a Notice No. 216 on requiring major distributors to reduce fuel price in domestic market (include VAT). Accordingly, gasoline price reduces by VND6..
23/05/2012
In the latest session (May 21st), A92 gasoline prices in the Singapore market has increased slightly to USD115.24 a barrel, up by nearly USD1 barrel from last weekend session. As reported by a major importer, no trader purchased fuel as saw price fa..
22/05/2012
In last weekend, Viet-Japanese Gas Company has put a facility of industrial gas, capacity of 22,000 cubic met of gas per hour into operation at Phu My 1 Industrial Zone (located in Ba Ria – Vung Tau). The facility, invested by USD30 million, s..
21/05/2012
Mr Vuong Dinh Hue, minister of Minitry of Finance said that gasoline may reduce another several hundred VND a liter now, but Ministry needs more time to consider before making a decision. Talking to the press at sidelines of the parliamentary sessio..
17/05/2012
Petrolimex will reduce about VND100 a liter of diesel at all its own gas stations for customers paying by Flexicard. As announced by Vietnam Petroleum Corporation (Petrolimex), they has applied the preference in retail price for customers who are us..
16/05/2012
In May 16th, moring, the Dung Quat oil refinery (Quang Ngai) started stopping it’s operation within 2 weeks to one month to check and test for the last time. Talking to VnExpress.net in the afternoon of the same day, Mr. Nguyen Hoai Giang, gen..
15/05/2012
The gas stations have been operating before March 16th, 2007 without repair, upgrade or rebuild to far from road about 5 m …will be suspended its businesses, this is a new regulation issued by HCMC People's Committee. HCM City People's Commit..
15/05/2012
On 14th May, afternoon, PTSC Maritime Engineering Service Joint Stock Company (PTSC M&C) owned by Vietnam Gas and Oil Group and Lam Son Operating Join Venture Company (LSJOC) have signed an EPCI contract to jointly tender the Thang Long and Dong Do d..
14/05/2012
Ministry of Industry and Trade has just decided to temporarily assign the petroleum import quotas of 120,000 cubic meters in 2012 for Hai Ha Waterway Transportation Co., Ltd. (Thai Thuy district, Thai Binh Province), include 40,000 cubic meters of ga..
14/05/2012
Vietnam's Petrolimex is seeking gasoil for delivery in May and June as prices slip to the lowest in more than four months, traders said on Wednesday. The company is seeking two cargoes of 9,000 tonnes each of 500 ppm sulphur gasoil for delivery over..
10/05/2012
As reported by Ministry of Finance and Ministry of Industry and Trade, retail of petroleum products have been ajdusted to reduce since 22h last night (9/5) and import tax rates will be lifted to 3% from 0% prior. In detail, price of A92 gasoline cut..
09/05/2012
Gas and oil prices in the world market continued to decline in recent days. According to source from Petrolimex’s website, petroleum prices from Singapore, a major import market of Vietnam, still has been keeping downward trend since 5th May. ..