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On July 24, 2014, in Quang Ninh province, Vinacomin held a conference on deploying the tasks of coal production and consumption in the last 6 month of 2014. Mr Le Minh Chuan - Chairman of Vinacomin Members Coucil cum President of the Vinacomin Group chaired the conference.

According to Vietnam National Oil and Gas Group (PVN), in the first 6 months of 2014, all the production and business targets of the Group were completed exceedingly in comparison with the plan. Herein, the turnover reached VND 380 trillions, the state budget delivering - VND 80.5 trillions and pre-tax profit - VND 28 trillions.

At Halong City, Quang Ninh Province, the Vietnam Foreign Trade Joint Stock Commercial Bank (Vietcombank) and the Nui Beo Coal Joint Stock Company (JSC) signed a VND 800 billion credit agreement for a pit mining project at Nui Beo coal mine.

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.

Vung Ro Petroleum Ltd. Co., a joint venture between the U.K.’s Technostar Management Limited and Russia’s Telloil Group, will start the construction of its $3.2-billion oil refinery project in Vietnam’s central coastal province of Phu Yen in mid-August.

In the first four months of 2014, the main products of the oil and gas industry (PVN) had a rater growth in competition with the same period of the past year.

Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), the country’s top miner targets to produce and consume 9 to 10 million tons of coal in the second quarter of 2014.

By this February, 5 years has gone since Dung Quat oil refinery plant produced its first commercial product in February 2009. Prime Minister Nguyen Tan Dung previously assessed that Dung Quat oil refinery plant’s putting into operation had importance in terms of political and economic – social aspects, defense and security in the process of industrialization and modernization of the country, contributed to ensuring national energy security; confirmed that the selection of location and construction of the plant was the right investment decision of the Party and the State...

This morning (15th January) in Hanoi, Vietnam National Oil and Gas Group (PVN) held a Conference regarding Summary of 2013 Activities and Implementation of 2014 Plan. The Conference was attended and directed by Mr. Nguyen Tan Dung, member of the Politburo and Prime Minister.