News & Event

Vietnam’s first oil refinery will officially be inaugurated on January 6, according to the Vietnam National Oil and Gas Group (Petrovietnam).

Vietnam is expected to face a gas shortfall of nearly 1 billion cubic meters (35.315 Bcf) in 2011, which will rise to 3 billion cu m in 2020 and 7 billion cu m in 2025, a senior PetroVietnam Gas official said last week.

The PetroVietnam Group has indefinitely post-poned its planned sale of corporate bonds overseas, the State-owned petroleum giant announced at a press conference on Tuesday

The Viet Nam National Chemical Corporation (Vinachem) will invest VND 7.5 trillion ($375 million) in fulfilling its major projects this year.

The Floating Storage and Offloading Unit (FSO) “PTSC Bach Ho” of PetroVietnam Technical Services Corp completed the export of first oil shipment at Block 09-1, Bach Ho oilfield offshore Vung Tau province, the country’s oil and gas group PetroVietnam reported.