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The Regulations on administrative punishing in the oil and gas sector in Vietnam
05:45 | 02/09/2020
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.
Enhancing Vietnamese-Russian cooperation in the oil and gas sector
13:24 | 29/05/2019
As a part of the program of the official visit to the Russian Federation by Prime Minister Nguyen Xuan Phuc (May 20-23), on May 22, in Moscow, PetroVietnam Exploration Production Corporation (PVEP) signed two documents including the Agreement to transfer the Lot 09-2/09 (in Cuu Long sedimentary basin of Vietnam continental shelf) and the Memorandum of Understanding (MOU) between PVEP and Zarubezneft Petroleum Company (Russian Federation).