29/01/2013
According to the Dispatch No. 1441 issued by Ministry of Finance on January 28th, the difference between 30-days average prices and current prices of fuel products are -VND297 a liter of gasoline; -VND216 of a liter of 0,05 S diesel; -VND184 a liter ..
28/01/2013
On 24-1, at the petrochemical region of the Dinh Vu Industrial Park locates in Hai Phong, JX Nippon Oil & Energy Company in Vietnam has started the construction of lubricant plant. The lubricant plant of JX Nippon Oil & Energy have been granted inv..
22/01/2013
The President and CEO of the Vietnamese national oil company PetroVietnam, Do Van Hau, and Eni CEO Paolo Scaroni signed a Memorandum of Understanding for the development of business opportunities in Vietnam and abroad, in Rome. The agreement was sign..
17/01/2013
Kuwait Petroleum International said here Tuesday that it had signed a deal partner in the construction of the Nghi Son Refinery and Petrochemical Project (NSRP), the second refinery in Vietnam. A statement by the company said that on January 1..
09/01/2013
Vietnam Gas and Oil Corporation (PV Gas) and Petroleum Technical Joint Stock Company (PTSC) have started to construct the project “Ham Rong –Thai Binh gas distribution and collection system” at block 102&106” for the first pha..
08/01/2013
Ministry of Industry and Trade has allocated the import quotas of 9 million m3/tonnes of petroleum products to 13 major distributors in 2013. Accordingly, Petrolimex is the largest importer with 5.18 million m3/tonnes (include 2.54 million m3 of gas..
07/01/2013
Binh Dinh provincial leaders and project investor are expected to report to the Minstry of Industry and Trade about the oil refinery project worth USD27 billion at Nhon Hoi Industrial Zone in Binh Dinh Province in the next week. At the forum “..
02/01/2013
Mr Do Trung Thanh- Deputy Sale Manager from HCM City Oil and Gas One Member Limited Company (Saigon Petro) said that company has cut the retail price of cooking gas by VND7,000 a cyinder of 12kg from 7:30 am, January 1st, 2013. After an adjustment, ..
02/01/2013
Dung Quat oil refinery has armed to raise petroleum ouput to 6.5 million tonnes in 2013, up around 1 million tonne from 2012, with revenue of VND120,000 billion and state budget contribution of VND16,800 billion. Although plant has met a lot of diff..
25/12/2012
Vietnam's crude oil production this year reached an estimated 16.68 million tonnes, or 334,970 barrels per day (bpd), up 9.8 percent from 2011, the General Statistics Office said on Monday. The following table updates production figures for Vietnam'..
20/12/2012
Speaking at the 41st regular meetings of Vietsovpetro (a joint venture company between Vietnam and Russia), Mr Nguyen Huu Tam – General Director said that company has completed the plan of 6.11 million tonnes of oil and 1.23 billion cubic mette..
19/12/2012
According to sources from major petroleum distributors, A92 gasoline price imported from Singapore has downed since recent two weeks to USD111-113 a barrel. The retail price of A92 gasoline in the domestic narket currently is at VND22,250 a liter, a..
17/12/2012
Vietnam is set to increase its crude-oil exports before it implements plans to expand refining capacity, irrevocably putting it on track to become a net oil importer. Vietnam Oil and Gas Group, or Petrovietnam, said Thursday that its 2012 crude-oil ..
13/12/2012
According to data released by Ministry of Finance on December 12th, the retail price of gasoline (mainly imports) in Vietnam market brings four taxes, which account for 37,5% of price. It includes import tax of 12% (VND1,944 a litter); special consu..
10/12/2012
Mr Dao Anh Dung, vice chairman of Can Tho People's Committees said that Vien Dong Investment and Commercial Joint Stock Company (the owner of Can Tho Oil Refinery project) has found investor for this project. According to Dung, Department of Plannin..
03/12/2012
A source from Ho Chi Minh Petroleum Company said on November 30th that retail price of cooking gas in the domestic market will be lowed by VND1,000 per kg, equivalent to VND12,000 a cylinder of 12kg, applied since early December. At the result, rera..
29/11/2012
On 28/11, within the framework of his state visit to Brunei Darussalam, State President Truong Tan Sang visited Brunei Shell oil company, saw Brunei Shell Petroleum Corporation and Vietnam signed the purchase and sale of crude oil worth $ 250 million..
27/11/2012
Thailand-based oil and gas company, Petroleum Authority of Thailand (PTT), is considering to build a $28.7bn oil refinery and petrochemical building in the Binh Dinh province, Vietnam. The company is planning to build 660,000 barrels per day (bpd) o..
22/11/2012
Within a month, many major fuel distributors have been discounting about VND700-750 a liter for retailers, higher than the current level prescribed by Ministry of Finance. Talking to Sai Gon Economic Times Online, an official from a major distributo..
21/11/2012
Deputy Prime Minister – Hoang Trung Hai has just required Ministry of Industry and Trade- and Ministry of Finance to consider and handle the proposal issued by People's Committee of Quang Ninh Province on temporary import for re-export or trans..
14/11/2012
Vietnam exported 798,745 mt of crude oil in October, up 26.4% year-on-year, the General Department of Vietnam Customs said Tuesday. The export volumes were down 13.7% from September. The month-on month drop in the country's crude oil exports was at..
12/11/2012
Ministry of Finance and Ministry of Industry and Trade announced to reduce VND500 a liter of gasoline from 6pm November 11th, 2012. The reason for unexpected move of price is due to the favorable market conditions as well as the decrease of world pr..
08/11/2012
Hanoi city People's Committee has approved a planning of fuel stores system in the locality toward 2020 and orientation to 2030. Accordingly, Ha Noi is going to remove, relieve, relocate 56 fuel stores in 2020, but build simultaneously about new 312..
07/11/2012
Ministry of Finance and Ministry of Industry and Trade have sent to Major fuel distributors a dispatch suggesting on fuel price operation. According to the dispatch, the rise of globle fuel price recently has pushed Ministries to recalculated the ba..
06/11/2012
The slunge of the gasoline price in the globle market will contribute to adjust price of gasoline in the domestic market, about VND500 a liter. According to data from Bloomberg News, gasoline price in Singapore market has downed to USD109.55 a barre..
06/11/2012
To 2019 from now, Dung Quat oil refinery, locates in Quang Ngai province, will be upgraded to expand the production from 6.5 million tonnes to 10 million tonnes of fuel. To carry out the expansion plant may require a sum of money of USD2-3 billion, m..
31/10/2012
Despite the fuel prices in the world market have cooled down but the Ministry of Finance still permitted the somestic major distributors to keep retail prices of fuel unchanging, except to reduce prices from stabilization fund. According to estima..
30/10/2012
At the monthly press conference hold by the Ministry of Industry and Trade on December 29th, Domestic Market Department said that fuel prices in the world market have been fluctuating recently, however Ministry of Finance and Ministry of Industry and..
24/10/2012
Vietnam's Petrolimex is set to supply gasoil and gasoline for the first time, in a move to expand its trading presence in Asia, industry sources said on Monday. Petrolimex, Vietnam's top fuel importer and distributor, is usually a net importer of oi..
24/10/2012
Ministry of Finance (MoF) said on October 22nd that it should not adjust fuel prices in being time despite 30-days average fuel prices in the world market seem to be slightly lower than the previous 30-days average price. According to MoF, major dis..
22/10/2012
According to assessment from Price Managerment Department (Ministry of Finance), gas and oil price in the world market was uncertain in the first half October Basing on Platt's list prices, prices of finished petroleum products in the first half Oct..
19/10/2012
Vietnam's Deputy Prime Minister Hoang Trung Hai has just ordered Ministry of Finance for an quick response for the proposals of fuel distributors to adjust retail fuel prices in a bid to stop hoarding from fuel retailers ahead of price hikes. Mr Ha..
16/10/2012
At the press conference hold on October 15th, Mr Nguyen Hoai Giang – General director of Dung Quat oil refinery said to mid October, mill offically imported 15 million tonnes of crude oil and exported about 13 million tonnes of fuel after two y..
15/10/2012
Vietnam's Saigon Petro has secured a total of 30,000 tonnes of gasoline and gasoil for October delivery following plant trouble which disrupted supplies, traders said on Friday. It bought 10,000 tonnes of 95-octane gasoline for prompt Oct. 18-22 lif..
09/10/2012
Yeterday afternoon (October 8th), Vietnam’s state owned Petroleum Group (PetroVietnam) hold an online press conference to report about business activities in the first nine months this year. Mr Phung Dinh Thuc- Chairman of the board hosted the ..
08/10/2012
Ministry of Finance has sent a Dispatch to major distributors of liquefied petroleum gas (LPG) on the requirement for a strict implementation of gas prices registration. Accordingly, Ministry of Finance asked major distributors to submit a p..
02/10/2012
PetroVietnam Exploration Production Company (PVEP) said the first oil has been tapped from PM-24 well at Junin 2 block in Venezuela on September 26th, marked an important period time in oil and gas exploration activities of PVEP in foreign The tap i..
01/10/2012
Cooking gas retail prices in domestic market continues to increase additional VND16,000 a cylinder of 12kg from October 1st, following the uptrend of globle gas prices delivery October and high premium. Mr Do Trung Thanh from Sale department of Saig..
27/09/2012
According to source from Ministry of Industry and Trade, Vietnam' s state-owned Petroleum Group (Petrolimex) only is accounting for more than 48% market share in the domestic market, rather than 60% as reported. Ministry of Industry and Trade reveal..
25/09/2012
Many fuel retailers in Quang Ninh province have closed simultaneously their business in last weekend due to the losse of VND100-150 for a liter of gasoline. Talking to Dan Viet news agency, Mrs Vu Thi Hang- Director of Pham Ly Private Enterprise in ..
20/09/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, offered to sell as much as 600,000 barrels of Su Tu Den crude and 500,000 barrels of Ruby for November, said three traders who participate in the market, asking not to be identified becau..
19/09/2012
Vietnam’s Chim Sao oil sold at the highest premium since June, even as margins from turning crude into fuel products dropped to the lowest level in two months. PV Oil Corp., Vietnam’s state-run oil-marketing company, sold four cargoes of..
18/09/2012
PV Oil Corp., Vietnam’s state-run oil-marketing company, bought 600,000 barrels of Brunei’s Champion crude for delivery to its Dung Quat refinery from mid- October to mid-November, according to two people who participate in the market, as..
18/09/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, is offering to sell Rang Dong, Song Doc, and Te Giac Trang crude cargoes for loading in late October and November, according to three people who participate in the market, asking not to b..
13/09/2012
Ministry of Finance has issued a Circular No. 148/2012/TT-BTC on oil import tax reduction of 2% since September 12th. In detail, import tax of diesel product for auto will be lowed to 8%; while kerosene and mazut will be decreased to 10% from 12% as..
12/09/2012
PV Oil Corp., Vietnam’s state-run oil-marketing company, is seeking to buy as many as two 600,000 barrel cargoes of low-sulfur crude for delivery at its Dung Quat refinery from mid-October to mid-November, according to two people who participat..
12/09/2012
Vietnam Oil & Gas Group agreed on potential joint exploration with state-owned KazMunaiGaz National Co. in western Kazakhstan. The companies plan to explore and may develop and produce oil and gas on-shore in the oil-rich Mangistau region under an a..
11/09/2012
On September 10, some major distributors said they has sent a proposal to Ministry of Finance to approve the fuel price increase again, ten days since the latest increase. If the proposal is approved by Ministry of Finance, the retail price of A92 g..
10/09/2012
As reported, government of Vietnam has just approved the plan of production and investment for 5 years (2011 – 2015) of the Vietnam Petroleum Group (Petrolimex). Accordingly, government permited an investment of VND4,987 billion of Petrolimex ..
06/09/2012
Petrolimex, Vietnam's top fuel importer and distributor, is seeking up to 88,000 tonnes of gasoil for delivery in September, its first domestic market requirement in about three months, traders said on Thursday. The state-controlled company is looki..
06/09/2012
According to official from Ministry of Finance, the difference of import fuel taxes in the first eight month this year is too large (from 0% to 12%), so if any fuel distributor arbitrarily switch to sell for domestic market without re-export as presc..
04/09/2012
Cooking gas price has officially increase additional VND51,000 a cylinder of 12kg since September 1st. According to source from retailers in Ho Chi Minh city, cooking gas retail price in region has up to VND418,000-420,000 a cylinder of 12kg. A ret..
30/08/2012
PV Oil Corp. is seeking to buy two gasoline cargoes for September delivery, according to tender information obtained by Bloomberg News. The company is a unit of state-owned Vietnam Oil & Gas Group, or PetroVietnam. Details are as follow: ----------..
28/08/2012
According to source from Dantri.com, A92 gasoline price in domestic market may adjusteto rise additional VND700 a liter in this night. Dantri.com quoted words of official from major distributor that gasoline price may be lifted another VND700 a lite..
28/08/2012
Cooking gas retailers said that gas price may rise in the next month, following the increase of world gas price as well as supply shortage. A retailer in Ho Chi Minh city stressed the adjustment of price may take place in September, around VND30,000..
27/08/2012
After major fuel distributors sent proposal to Ministry of Finance for an approval on gasoline price increase of VND1,200 a liter further, many gas retailers in some regions are in phenomenon of hoarding for price increase As reported by Vietnamese ..
23/08/2012
Consumers worried that price of gasoline in domestic market continue to gain further after major distributors complain about loss of VND1,000 a liter. Grude oil price in the world market remains upward trend since August 13th and it rose to USD97 a ..
22/08/2012
PV Oil Co., Vietnam’s state-owned oil-marketing company, is said to be offering two 250,000 barrel cargoes of Ruby crude for loading in October, said two traders who participate in the market, asking not to be identified because they aren&rsquo..
21/08/2012
India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally allocated by Vietnamese oil company PetroVietnam, the government has said. ONGC Videsh Limited (OVL) ..
20/08/2012
PV Oil Corp., Vietnam’s state-owned oil marketing company, offered to sell 400,000 barrels each of Bunga Kekwa and Bunga Orkid crude for October loading, according to a tender document obtained by Bloomberg News. The details of the offer are a..