Ethnic minority group

Hanoi (VNA) - The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period. Pre-tax profit stood at over 4.5 trillion VND, exceeding the target by 34 percent. It also contributed close to 2 trillion VND to the State budget, 62 percent higher than expected. According to PV Gas General Director Duong Manh Son, its operations were impacted by the COVID-19 pandemic triggering a fall in oil prices. PV Gas has made every effort to sustain its business, reduce inventory, and clear several construction hurdles, he said. As such, the company produced and distributed nearly 3.8 billion cubic metres of gas in the first five months of this year, meeting its target. Production and distribution of LPG and condensate stood at 720,000 and 26,000 tonnes, respectively, 41 and 10 percent higher than targeted./. … [Read more...] about PV Gas’s Jan-May revenue surpasses goal despite pandemic

The workshop is part of VPI’s ongoing long-term research programme seeking solutions for improving oil recovery in Vietnam’s mature fields, which are hoped to curb reductions in output and enhance exploitation efficiency, VPI expert Nguyen Huu Trung said. … [Read more...] about Hanoi to host international workshop on oil recovery technology

Hanoi (VNA) – The Vietnam Oil and Gas Group (PetroVietnam) has reported oil equivalent output of 8.99 million tonnes in the first five months of 2020, 4.4 percent higher than its target. In May, crude oil output reached 0.96 million tonnes, 2.1 percent higher than the monthly plan while gas production fulfilled the monthly goal at 0.84 billion cu.m. The firm generated 2.05 billion kWh of electricity and produced 149,800 tonnes of nitrogenous fertiliser, surpassing the monthly targets by 4.7 percent and 4.2 percent, respectively. Its production of oil and petroleum exceeded 1.01 million tonnes during the month, only equivalent to 91.5 percent of the monthly goal, largely because the Nghi Son Oil Refinery were cutting capacity for maintenance and the PetroVietnam Oil Corporation (PV Oil) reduced production of petroleum as demand dropped. The company has made drastic efforts to cut nearly 8.7 trillion VND in costs during the first five months of the year to deal with declining … [Read more...] about PetroVietnam’s oil equivalent output totals 8.99 million tonnes in five months

During their visits, representatives from agencies and units praised the role of the newspaper as an important organ of the Central Military Commission and Vietnamese Ministry of National Defense as well as the voice of Vietnam’s armed forces and people. The PAN has successfully performed its information dissemination tasks on the Party’s guidelines and the State’s policies, military-defense missions, the country’s socio-economic development, and the national emulation drives. … [Read more...] about Numerous activities held in celebration of Vietnam Revolutionary Press Day

The news comes after Saigon Gold, Silver and Gemstone joint stock company quoted its gold price this morning at VND49.15 million per tael for selling and VND49.53 million per tael for buying, representing increases of VND110,000 and VND140,000, respectively, in comparison with the previous day’s prices. … [Read more...] about Gold prices climb to new peak of VND49.6 million per tael