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According to Vietnam Oil and Gas Group (PVN), it is not feasible to buy oil with “bottom price” because we do not yet have mechanisms and policies on risks for this activity (buying oil at “bottom price” leads to losses). On the other hand, at present, in Vietnam there are no national oil reserve depots, while the crude oil storages of Dung Quat and Nghi Son refinery plants can only meet production needs of these plants. It is also not feasible to rent an oil tanker (at least at this time), because of difficulty of our financial potential.

The Electricity of Vietnam (EVN) has just signed the decision to approve investing in "shared infrastructure" project between EVN and Singapore Sembcorp for Dung Quat combined cycle gas turbines (CCGT) power plants 1, 2&3.

Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.

Mr. Tran Ngoc Cang, the Chairman of Quang Ngai Provincial People’s Committee (PPC) and Ms. Atul Nargund, Vice Chairman of Sembcorp (Singapore) have signed the MOU on cooperation in developing Dung Quat gas fired Power Project.

The Prime Minister allows Binh Son Single Member Ltd – The Dung Quat Oil Refinery Management Company to have the self-control in price mechanism for import oil competition.

Mr. Tran Ngoc Nguyen, General director of Binh Son Refinery company (BSR) informed: By June 10, 2016 BSR has reached a seven million safe working hour milestone without any occupational accident.

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.

The Gazprom Neft Corporation of Russia has officially sent a letter with a proposal to stop the negotiation process on transferring a 49% stake of Dung Quat Oil Refinery Plant (ORP).

The Gazprom headquarters hosted yesterday, May 6, 2015, a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam National Oil and Gas Group Board of Directors.

On 9th June 2014, PetroVietnam President and CEO Do Van Hau had a meeting with Gazprom Neft delegation headed by CEO ABDyukov regarding the cooperation and investment into Dung Quat Oil Refinery Upgrading Project.