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SCG officially holds a 100-per cent stake in Long Son Petrochemicals project

National Oil and Gas Group (PetroVietnam) has sold the remaining 29 per cent stake in Long Son Petrochemicals project to Thailand-based Siam Cement Group at price of VND2,052 billion or equivalent to $90.3 million.

Korean corporation eyes PV Power’s stake at a strategic deal of over a half billion US dollars

Petrovietnam Power Corporation (PV Power), Vietnam's second-largest electricity producer, is becoming an investment target of Teakwang Korea, with a deal value of up to VND12 trillion (US$528 million).

Vietnam's US$9 billion refinery is ready for operation from February 28

Nghi Son refinery, Vietnam’s second oil refinery, is ready for commercial start-up from February 28, according to the latest announcement released by the Vietnam National Oil and Gas Group (PetroVietnam).

Vietnam raises US$308 million from PV Power's IPO

The Government of Vietnam has raised US$308 million (VND6.996 trillion) after selling 20 per cent of PetroVietnam Power (PV Power) in an initial public offering (IPO) on the Hanoi Stock Exchange on January 31.

Thai conglomerate wants to take over US$5.4-billion Long Son petrochemical complex

Siam Cement Group has expressed interest in acquiring the remaining 21 percent stake currently held by PetroVietnam in the Long Son petrochemical complex.

Binh Son Refining and Petrochemical’s IPO obtains over US$245 million

Domestic and foreign investors have paid an average price of VND23,000 (US$1.01) per share, 56 per cent higher than the initial price of VND14,600 (US$0.64) offered in the auction.

Trial of Dinh La Thang and 21 other defendants commences

The Hanoi People’s Court today opened the first instance hearing of the trial of Dinh La Thang and 21 other defendants accused of serious economic crimes at PetroVietnam Construction Corporation (PVC).

The equitization plan of BSR, PVOil and PV Power approved

The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.

PetroVietnam attained US$16.2 billion in revenue in 9M 2017

In the first 9 months of 2017, the crude oil extraction in Vietnam exceeded its plan by 297,000 tons, contributing significantly to the economic growth of the country.

PetroVietnam scratches head over a loss compensation worth US$2 billion to loom

An inappropriate anticipation of the market context has become the main reason that the national oil and gas group PetroVietnam may have to face a payoff.

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