Vietnam’s Ministry of Foreign Affairs said on Thursday it regretted a U.S. decision to sanction a Vietnamese company relating to the transport of petroleum products from Iran.
Several foreign and domestic companies have expressed interest in building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
An announcement celebrating the completion of a gas pipeline spanning more than 3,600km through six ASEAN countries, including Vietnam, was made at the 38th ASEAN Ministers on Energy Meeting (AMEM) in Hanoi on Thusday.
Partnering with American firms would shrink Vietnam’s trade surplus with the US—and help Hanoi hold the line in the South China Sea.
Vietnam’s Dung Quat oil refinery has processed its first batch of Russian Sokol crude oil on a trial basis, as it seeks a replacement for shrinking domestic Bach Ho output, its operator Binh Son Refining and Petrochemical said on Monday.
Amid the growing Chinese movement in the South China Sea, Vietnam has agreed to pay around a billion dollars to two international companies after cancelling their drill operations following pressure from Beijing, The Diplomat reported.
PetroVietnam to cut crude output by at least 19% in 2020. Vietnam may offer less Dai Hung, Chim Sao, Bach Ho in spot market. Low crude prices present opportunity to build reserves at low cost
Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the novel…
Fast-growing economy needs to diversify away from coal, with gas expected to play a bigger role.