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At the working meeting with the key leaders of Quang Ngai province on Feb 22, President Truong Tan Sang affirmed: Although the crude oil prices in the world continue sharp fall, Vietnam still is determined to upgrade and expand Dung Quat oil refinery Plant in coming time.

In fact, Because the capacity for producing gasoline and oil products is much lower than its consumption demand, Vietnam still has to spend billions of dollars to import petrochemical products for domestic demand and according to the demand forecast, Vietnam will lack a large amount of gasoline and oil products in the future...

Bulgaria’s Prista Oil will co-operate with the state-run PetroVietnam to set up an oil recycling plant to manage and treat used oil in Vietnam.

In order to further improve the efficiency of production management, leaders of the Vietnam Coal and Mineral Industries Corporation (Vinacomin) have directed the staffs in coordination with the units to implement the software for management system monitoring the coal flow.

PetroVietnam Exploration and Production Corporation (PVEP) informed: the Project on Development the Thai Binh Gas Field, at 102-106 Lots of Song Hong Basin offshore Gulf of Tonkin under the PCOSB Operator has given the first commercial gas flow of a 5 million cubic feet per day output (1 cubic foot is equivalent to 0.028 cubic meter) from TB-1P Well.

As part of the test plan of the Thi Vai LNG project chain, on June 27, 2023, Vietnam Gas Corporation - PV GAS successfully carried out the first gas flow into the Thi Vai - Phu My gas pipeline (at Hoi Bai Vale station, Phu My town, Ba Ria - Vung Tau province).

On November 16, 2020, at the incoming gas intake in Long Hai town, Long Dien district, Baria-Vung Tau province, Vietnam Gas Corporation (PV GAS) held the welcoming ceremony to accept the first gas inflow from Sao Vang field in the Sao Vang - Dai Nguyet gas project to Nam Con Son 2 pipeline.