09/02/2012
Recently, in Nha Trang, Khanh Hoa province occurred vendors, who sold gasoline without origin with cheaper price at VND20,000 a litter. Along streets such as Le Hong Phong, Da Tuong, Buu Doa, Nguyen Duc Canh ..., gasoline is poured into plastic bott..
09/02/2012
Japan's JX Nippon Oil and Energy Corp and Venezuela's state oil company PDVSA could sign a memorandum of understanding with Petrovietnam to join the expansion plan of Vietnam's Dung Quat oil refinery, a state-run newspaper said on Wednesday. Vietnam..
08/02/2012
Thai Oil, a member of Thailand’s PTT petrolium Corporation has conducted the study on investment capacity in the Southeast Asia market, especially Myanmar, Indonesia, Vietnam and Cambodia. Managing Director of Thai Oil, Mr Surong Bulakul said ..
07/02/2012
According to the latest report of Ministry of Industry and Trade, in the first month of 2012, Vietnamese oil industry has ensured to stabilize the production and investment progress of projects. Oil industry also provided sufficiently and timely key ..
06/02/2012
According to the Notice No. 50th of Ministry of Finance on the operation of petrol and oil products after consultating with Ministry of Industry and Trade, Ministry of Finance has requested the major petroleum enterprises to stabilize price all petro..
06/02/2012
Vietnam’s PV Oil Offers Six-Month Contract for Rang Dong Crude According to Bloomberg, PV Oil Co., Vietnam’s state-owned oil marketing company, is offering Rang Dong crude on a term basis for the six months from April to September. In d..
01/02/2012
In the New Lunar year, retail price of cooking gas has increased sharply to VND432,000 – 425,000 a cylinder of 12kg. On February, 2nd, morning, Saigon Petro has lifted its price by VND3,500 a kg (VND42,000 a cylinder of 12kg) to VND425,000 a c..
16/01/2012
Vietnam to import more than 10 million cubic metres of fuel products Vietnam's Ministry of Industry and Trade (MoIT) has sent a document to major petrol distributors on the allocation of minimum fuel import quotas in 2012. Accordingly, these distri..
12/01/2012
Vietnam’s PV Oil Offers to Sell Song Doc Cargo for March Loading PV Oil Co., Vietnam’s state-owned oil-marketing company, offered 250,000 barrels of Song Doc crude for loading in March, said two company officials who declined to be ident..
11/01/2012
According plan, PetroVietnam Central Biofuels JSC (PCB) will produce ethanol and export to Philippines in 2012. However, the operation of company is a year slower than plan as outlined. As explained by a representative from board, PCB company has to..
10/01/2012
Dung Quat Oil Refinery plant is going to produce and sell on the market more than 6 million tonnes of oi products in this year, 2012. it is also striving to achieve the revenue of over VND108 trillion and contribute more than VND15 trillion to the s..
09/01/2012
Cooking gas prices increase an additional VND8,000 per cylinder As of 7:30 am on January 5th, 2012, the retail price of cooking gas has been increased another VND 667 a kg, equivalent to VND 8,000 a 12kg cylinder. According to retail distributors, ..
05/01/2012
According to bulletin realeased by Petrovietnam, the average imported price of RON 92 gasoline in December 2011 increased 0,3% over the previous month, while price of oil products decreased. In 2011, the imported price of RON 92 gasoline up by 11.5%..
05/01/2012
At the conference of Ministry of Industry and trade, Chairman of Petrolimex has proposed allowing corporation a full authority on deciding periodic prices based on the ceiling price set by ministries. Functional agencies to intervene if prices exceed..
04/01/2012
China imported crude oil from Vietnam. As reported by Reuters News, recently, China has bought crude oil from Vietnam, a first time in the past year. Accordingly, Unipec bought the Vietnamese crude at a near record premium for the grade in a tender..
03/01/2012
Petro Mekong has sent Ministry of Industry and Trade a proposal on requirement for not continue to be a majors importer of oil any more since 2012. This is the first distributor of 12 largest distributors to file a letter to Ministry of Industry and..
03/01/2012
Vietnam produced an estimated 15.18 million tonnes, or 305,000 barrels per day (bpd), of crude oil this year, a rise of 1.1 percent from 2010, the government said on Thursday. December's output reached an estimated 1.42 million tonnes, up 4.0 percen..
29/12/2011
PVN comleted target of oil exploration before deadline At 16:55:3 PM on December 27th, 2011, PetroVietnam (PVN) has completed exploitation target of 15 million tonnes of oil in 2011 while still have a further 4 days to come. From now to the end of 2..
28/12/2011
Ministry of Finance has just announced another decision about raising tariff tax of petroleum products, a day after announcing to reduced the drawing from stabilization fund. December 28th, 2011, morning, Ministry of Finance issued a Circular 197/20..
27/12/2011
According to Bloomberg News, PV Oil (Vietnam) has just offered another cargo of crude oil from Bunga oil field, delivering in late February 2012. In detail, this cargo is around 300,000 barrels of crude oil, delivering on February 22nd – 29th,..
27/12/2011
Retail petrol price kept flat in Vietnam On December 27th, morning, Ministry of Industry and Trade announced to keep flat the price of petrol products as current, and reduced the withdrawn from stabilization fund to VND250 a liter for gasoline and V..
26/12/2011
Demand for cooking gas may up 6-7% in 2012 According to prediction released by Ministry of Industry and Trade, cooking gas consumption of Vietnam in 2012 will up by 6-7% over 2011. Although higher demand in 2012, but domestic producted cooking gas ..
22/12/2011
Vietnam Is Said to Sell Two Cargoes of Ruby Oil to Petrobras PV Oil Co., Vietnam’s state-owned oil-marketing company, sold two shipments of its Ruby crude for February loading to Petroleo Brasileiro SA (PETR4), the Brazilian oil company known ..
21/12/2011
Priority for oil field development in 2012 PetroVietnam Exploration Production will use all resources to accelerate the deployment of oil field development projects, especially projects give the first oil in 2012. Despite economic difficulties, as ..
20/12/2011
Vietnam to expand oil and gas exploration in abroad In order to increase the crude oil output in the following years, the Vietnam National Oil and Gas Group (PetroVietnam - PVN) continues to implement strategy of investment on petroleum activities i..
20/12/2011
PV Oil offers 600,000 barrel of crude oil from Hong Ngoc oil field According to Bloomberg News, PV Oil (Vietnam) is offering for two cargoes of crude oil from Hong Ngoc oil field, delivering in February 2012. However, delivery is divided into two p..
19/12/2011
Major distributors in the country said that, currently their business activities are making profit for gasoline but loss for oil. According to VTV, early last week, A92 gasoline imported from Singapore (the main petrol import market of Vietnam) was ..
14/12/2011
On the occasion of 36th anniversary of Materials – Petroleum Joint Stock Company (COMECO) (13-12-1975 - 13-12-2011), PetroVietnam Oil Corporation (PV Oil) and COMECO officially launched E5 Bio-gas and -card payment service at gas station system..
13/12/2011
According to data released by General Department of Customs, Vietnam has exported about 782 thousand tonnes of crude oil in November, worth over USD695 million. Total crude oil exports of Vietnam in the first eleven months reached 7.7 million tonnes..
07/12/2011
The first gas stream from the Chim Sao to land On December 6th, 2011 in Ho Chi Minh City, PV Gas and other partners have signed contracts and agreements for gas projects of Chimsao field belong to block 12W offshore. Accordingly, PV Gas signed cont..
07/12/2011
According to data from Ministry of Industry and Trade, petroleum industry has exploited about 21.5 million tonnes gas and oil, reached 63.0% of plan in the first eleven months this year, included crude oil output estimated to reach 13.75 million tonn..
06/12/2011
Avarage price reduced 7,28% in November Petrolimex Viet Nam market news No 42 showed Singapore gasoline price decreased sharply in 11/2011. Average price of RON 92 closed at 111,17 USD a barrel, decrease by 8.73 USD a barrel or 7,28% from October. T..
06/12/2011
With VND500 per litter difference between gasoline A83 and A92 prices is encouraging some retail dealers to blend those together and sell as gasoline A92 price. At the online briefing conference of Ministry of Industry and Trade on December 05th, ..
05/12/2011
In Novevember, gasoline A92 imported from Singapore was at USD111.17 a barrel, while in October was at USD119.90 a barrel. Vietnam Petrolimex Coporation (Petrolimex) has just released gasoline A92 prices imported in November from Singapore. Accordin..
02/12/2011
Cooking gas prices in Vietnam rose another VND5,000 per 12-kg cylinder from December 1st, said retail distributors. Therefore, retail cooking gas prices of SaiGon Petro, Gia Dinh Gas, CD Petro will not sell more than VND350,000-352,000 a cylinder in..
30/11/2011
PetroVietnam suggested government to allows for re-export fuel to Laos Vietnam Petroleum Group (PetroVietnam) has suggested government allows for swap of petrol from Dung Quat refinery with petrol of temporary imports as declared at border gates in ..
29/11/2011
Petrol imports rose sharply in H1 November According to the General Customs Department, petrol imports of Vietnam rose sharply in the first half November. In the first half November, petrol imports of Vietnam reached 169,600 tonnes, worth USD472 mi..
29/11/2011
Fuel prices keep flat Amidst world petroleum price reduction, Finance Ministry has asked major petrol enterprises to continue to stabilize prices of gas and oil products, and raise stabilization fund for gas. That is the main content in decree of 3..
28/11/2011
Petrolimex lossed more than VND1,800 billion in H1 2011 Ministry of Finance (MF) has reaffirmed about Petrolimex’s losses of over VND1,800 billion in the first half this year as announced by head of the Ministry of Industry and Trade (MIT). M..
24/11/2011
According to statistics, exports of crude oil of Vietnam in October reached 631,000 tonnes, with a turnover of USD 531.9 million, up by 18.9% in volume and 16.8% in value compared to the previous month, and it also increased by 20.3% and 55.4% in..
23/11/2011
On November 21st, 2011, Mr Chris Einchcomb - vice president of Petroleum TNK group - BP (Russia) said that a subsidiary of TNK as TNK Vietnam will expand its investment in oil and gas sector in Vietnam. Affter receiving amended investment license of..
23/11/2011
Gasoline prices in the world market continues to adjust sharply to lowest level in six months, as a basis for gas price in the domestic market to reduce accordingly. Despite of world crude oil prices remained close to USD 100 a barrel, but..
22/11/2011
On November, 21st, 2011, People's Committee of Kien Giang province had a meeting with a group of METI (including five major Japanese companies) to discuss and explore about the ability to buil a super-large floating storage system of national strateg..
22/11/2011
At current retail prices, petroleum companies are still lossing to all products of gas and oil. Mr. Vuong Thai Dung, General Director of Vietnam National Petroleum Corporation (Petrolimex) told urgently to VTC News that news about petrol prices may ..