Search

Minister of Industry and Trade Vu Huy Hoang signed a Decision to appoint the General Director of Vietnam Oil and Gas Group

On September 11, in Hanoi, Prime Minister Pham Minh Chinh worked with the Vietnam Oil and Gas Group (PVN) to assess the world energy situation, forecast the upcoming situation and determine the roles and tasks solutions to speed up the implementation of a number of key projects, handle difficulties, problems and recommendations of PVN.

The Vietnam Oil and Gas Group (PVN) informed that, in the first 6 months of 2021, the pre-tax profit of the group achieved over 3 times higher than the growth rate of oil prices as the average price of crude oil in the first 6 months of the year 66.8 USD/barrel, exceeding the plan price for 48%, while the united pre-tax profit exceeded 165% of the plan. Especially, the PVN return on equity (ROE) in the first 6 months was estimated at 4.6% so PVN belongs to the group of oil and gas companies with good ROE in the world.

The Vietnam Oil and Gas Group (PVN) contributed nearly 60 trillion VND (2.59 billion USD) to the state budget in the first seven months of 2019, seven percent above its target.

On March 14, 2019, Deputy Prime Minister (DPM) Trinh Dinh Dung received Vice Chairman of Gazprom Group (Russia). The Vice President of Gazprom proposed to the Vietnamese Government that in the coming time, Gazprom wants to develop more new investment projects in Vietnam in the oil and gas field, from exploration, exploitation, transportation to processing and trading  products ...

A delegation from the Vietnam National Oil and Gas Group (PetroVietnam) headed by Chairman of its Member Council Nguyen Quoc Khanh accompanied State President Tran Dai Quang on his visit to Cambodia in mid-June. They joined many activities aiming to increase oil and gas cooperation between the two countries.

The long term cooperation and the highly mutual trust between Vietnam and Russia allow the two nations’ oil and gas companies to strengthen cooperative ties, the Russian News Agency Ria Novosti quoted Foreign Ministry Spokeperson Maria Zakharova as saying on March 11.

Receiving the invitation of Ministry of Industry, Mine and Energy; and Petrolium Central Board of Cambodia, mission team of a Mission of Vietnam Petrolium Corperation(PVN) headed by Deputy Director General Nguyen Quoc Thap and the directors of Petrovietnam Exploration and Production Corporation (PVEP) and PVEP Overseas had a working visit  to  Cambodia during the first two day of April, 2014.

From now to 2025, the Vietnam Oil and Gas Group (PVN) will expect to exploit 6 - 10 new oil and gas projects including RC-8 of Dragon field, BK-22 rig, and BK-4A rig of Bach Ho field and a number of structures in Block 09.1, White Whale (Kinh Ngu Trang) – Southern White Whale field, Lot 05.1a, Gold Camel -A rig and 2 gas projects as Swan – Gull (Thien Nga - Hai Au), Nam Du - U Minh fields. In the period of 2025 - 2030, PVN will strive to put large gas projects into operation such as Block B (quarter 4/2026), White Lion (Su Tu Trang) - Phase 2 B (September 2026), and Blue Whale (2028).

The Government has just issued Decree No. 99/2020/ ND-CP on the regulations to punish the administrative violations in the petroleum relevant activities (searching, exploring, exploiting and trading petroleum). The Decree stipulates the maximal administrative violation in exploring and exploiting oil and gas as 01 billion VND for an individual and 02 billion VND for an organization.

On October 17, 2018, in Government Office, Vice Prime Minister Trinh Dinh Dung received Mr. Naser Al Hajri- Deputy general manager of Mubadala Petroleum Group (MP) from United Arabia Emirates (UAE) in charge of affairs in Southeast Asia. At the meeting, Mr. Naser Al Hajri expressed MP desire to develop the small oil and gas and renewable energy projects in Vietnam.

In the framework of the official visit of the Russian Federation, on September 6, at the Botraroov Rutrei Edifice, Sochi city, General Secretary Nguyen Phu Trong and President Vladimir Putin witnessed a ceremony for signing many cooperation documents between the two countries.

At the meeting with Mr. Do Thang Hai, Vice Minister of Industry and Trade, Mr. Ajay Shah, Vice President of Royal Dutch Shell expressed the desire to strengthen cooperation with Vietnamese enterprises in oil and gas field and presented several potential opportunities for cooperation with PetroVietnam.

During the official visit of Prime Minister Nguyen Tan Dung to Cuba recently, the mission groupe of Petrovietnam (PVN) included in accompanied team of Vietnamese enterprieses   had a working meeting with Cuba's State Oil Company (Cupet).

The Vietnam Oil and Gas Group (PVN) informed that Mr. Le Manh Hung - General Director has just chaired a meeting about the status of implementing ‘value chains’ in Vietnam Oil and Gas industry. At this meeting, PVN and its member units assessed the status of implementing recent ‘value chains’ and discussed and unified forward achieving goals.