Tag

At the Party Congress of the Vietnam Oil and Gas Group (PVN) in 2020-2025 term, on June 9,2020, in Hanoi, Mr. Le Manh Hung - PVN General Director proposed a target to decrease average cost of the crude oil exploitation for being able to stand steady (even if the crude oil price falling to 30 USD / barrel).

On August 15, 2019 in Hanoi, PetroVietnam General Director Le Manh Hung had a working meeting with Mr. Bernerd Da Santos, Standing Vice Chairman cum General Director of AES Group (United States). At the meeting, AES leaders proposed to invest in Son My gas project chain.

Vietnam Petroleum Group (PVN) informed on its portal that, at a working meeting with PV Power, PVN General Director Le Manh Hung has just agreed and supported this Corporation to invest in the renewable energy (wind and solar power) projects.

In the context when the domestic gas supply is rapidly declined, the new fields have high development costs and the negotiation process of gas prices often lasts, while the demand for gas is increasing etc. It is requires Vietnam Oil and Gas Group to have synchronous solutions to ensure a long-term stable gas supply for the economy and contribute to meeting the goal on energy security of the country.

Royal Dutch Shell PLC expressed its interest in becoming the liquefied natural gas (LNG) supplier for PetroVietnam’s projects, while simultaneously penetrating deeper into the Vietnamese petroleum distribution system via acquiring a stake in PetroVietnam Oil Corporation (PV Oil).