Trang chủ Enegry News' Vietnam

Vietnam data: Jul crude oil imports surge as Nghi Son ramps up production

Vietnam data: Jul crude oil imports surge as Nghi Son ramps up production

Vietnam boosted imports of crude oil in July as the 200,000 b/d refinery at Nghi Son was preparing for trial runs of 100% capacity in September. Vietnam imported 557,393 mt (131,796 b/d) of crude oil in July, up from none in the same month last year, and 107.8% higher from June, preliminary data released by Vietnam Customs Thursday showed. In the first seven months, Vietnam imported ...

Coal, oil and gas mining exceed six-month targets

Coal, oil and gas mining exceed six-month targets

  Natural gas exploitation reached an estimated 5.3 billion cubic metres in the first six months. — VNA/VNS Photo Crude oil output reached 7.1 million tonnes in the first six months of this year and in doing so hit 54.3 per cent of the annual target. According to the Ministry of Industry and Trade (MoIT), prices and consumption of crude oil and some minerals had increased over the ...

Qatar to supply oil products to Vietnam over 15 years

Qatar to supply oil products to Vietnam over 15 years

The state-owned Qatar Petroleum (QP) has signed an agreement to supply Vietnam with up to two million tonnes of LPG and Naphtha per year for a period of 15 years, the company’s management announced in statement today. The agreement was signed between the Qatar Petroleum for the Sale of Petroleum Products Company Limited (QPSPP) and Long Son Petrochemicals Company Limited (LSP), a subsidiary ...

SOCAR to supply oil to Vietnamese refinery

SOCAR to supply oil to Vietnamese refinery

SOCAR Trading, a subsidiary of Azerbaijan's state owned oil company SOCAR, agreed with the Vietnamese state owned company Binh Son Refining and Petrochemical Co. (BSR) and state oil trader PV Oil on oil supplies, the BSR reported on Dec. 8. The agreement is non-binding. Under the agreement, SOCAR Trading will supply three million barrels of Azeri Light oil per month and two million barrels ...

Vietnam’s Sept crude oil output falls 9.9 pct y/y to 1.06 mln T

Vietnam’s Sept crude oil output falls 9.9 pct y/y to 1.06 mln T

Vietnam’s crude oil output in September is estimated at 1.06 million tonnes (259,000 barrels per day), down 9.9 percent from a year ago, the government said on Friday. Crude oil output in August was revised to 1.095 million tonnes, lower than the earlier estimate of 1.14 million tonnes, the General Statistics Office said in its monthly report. Vietnam’s January to September crude oil ...

Tough challenges foreseen for Vietnam’s oil, gas sector

Tough challenges foreseen for Vietnam’s oil, gas sector

The Communist Review, a magazine of the Communist Party of Viet Nam, and the Viet Nam Union of Science and Technology Associations held the seminar to discuss the achievements, opportunities and challenges facing the oil and gas industry and to propose solutions to maintain its dominance in the process of international integration. Vu Van Ha, deputy editor-in-chief of the Communist Review, ...

Vietnam gasoline prices rise again

Vietnam gasoline prices rise again

Thanh Nien News   Gasoline prices went up for a second time this year Tuesday -- following a sudden hike two weeks ago -- as global oil prices trended upward.   The price of 92-RON gasoline, the most popular variety in Vietnam, went up by VND520 per liter, or nearly 4 percent, to VND14,940 (US$0.67). Its greener version, E5, went up 3.8 percent to VND14,442 ...

Petrol prices may be adjusted daily

Petrol prices may be adjusted daily

HA NOI (Biz Hub) — Local retail petrol prices could be adjusted daily instead of every fortnight in the future, Do Thang Hai, deputy minister of Industry and Trade, said.   Hai told a press conference in Ha Noi on Tuesday that the most significant achievement of petrol-trading control last year was to ensure transparency and publicity. In addition, the management closely followed the ...

Dung Quat oil refinery not very attractive to investors

Dung Quat oil refinery not very attractive to investors

VOV News English The shares of oil and gas companies have seen a price decrease of 49% by November compared with the same period last year, the sharpest so far.   Dung Quat Oil Refinery not to close Dung Quat oil refinery plant embarks on expansion Heavy investment poured into Dung Quat EZ Dung Quat, the biggest and only oil refinery operating in Vietnam, may be put into ...

VN shares rise as crude rebounds

VN shares rise as crude rebounds

Truong Vi HA NOI (VNS) — Vietnamese shares yesterday rose slightly on both local markets as energy stocks benefited from higher oil prices. The benchmark VN Index on the HCM Stock Exchange gained 0.3 per cent to close at 566.17 points after dropping 2.2 per cent during the previous four days. The HNX Index on the Ha Noi Stock Exchange inched up 0.2 per ...

Transporters must cut prices with oil - News - Viet Nam Business News

Transporters must cut prices with oil - News - Viet Nam Business News

HA NOI (Biz Hub) — Transport businesses must adjust transport fees in accordance with changes in fuel prices; otherwise, they may have their business license withdrawn, according to a Ministry of Finance document released yesterday. The Ministry of Transport (MOT) is required to strengthen the management of transport fees by asking transport businesses to declare transport ...

Vietnam to keep coal, crude export taxes under TPP

Vietnam to keep coal, crude export taxes under TPP

Vietnam will exempt some state firms from a Pacific trade pact agreed this week and has negotiated to keep export taxes on its crude oil and coal to support an overstretched state budget, its chief negotiator said on Friday.   The nation is seen as one of the biggest winners from the Trans-Pacific Partnership, with a surge of investment expected into its US$186-billion economy, ...

Thailand's PTT suspends $3bln project in Vietnam amid oil slump: report

Thailand's PTT suspends $3bln project in Vietnam amid oil slump: report

As oil prices continue to fall, oil and gas giant PTT Plc has said it will delay three oil refinery and facility projects worth an estimated US$3 billion each in Vietnam, Myanmar and Indonesia, Thai media reported Thursday.   Chansin Treenuchagron, senior executive vice president for the state-run company's petrochemicals and refineries, told The Bangkok Post that PTT will decide ...

Vietnam economy to slow down unless crude oil recovers: forecast

Vietnam economy to slow down unless crude oil recovers: forecast

Experts at the Ministry of Planning and Investment's Center for Economic and Social Information and Forecast made the prediction as oil prices have been on a downward slope since the beginning of this year, falling 33 percent for the year to around $35 this week. Weak oil would also put the country, whose inflation rate is estimated to be less than 2 percent this year, at risk ...

Vietnamese paying less at the pump following drop in oil prices

Vietnamese paying less at the pump following drop in oil prices

Retail gasoline prices in Vietnam decreased by more than two percent on Friday in the last fuel price adjustment of this year, following the global downward trend.   Vietnam's most popular gasoline grade 92-RON now sells at VND16,405 (73 US cents) per liter.   Meanwhile, the bio-fuel grade E5, which has been heavily promoted by the government, is priced at VND15,910 (71 ...