How rising global oil prices impact Vietnam economy
The surge in crude oil prices to an eight-year high is set to have a major inflationary effect in Vietnam.
Vietnam’s largest oil refinery says agreement will allow stable operations
Vietnam’s Nghi Son Refinery and Petrochemical (NSRP) has said a lengthy shutdown will not be required for now after a major shareholder reached a short-term funding deal to keep the facility operational.
Vietnam’s Binh Son ups capacity, petrol firms boost imports amid shutdown fears
Vietnam’s Binh Son refinery on Wednesday said it was operating above capacity to address supply concerns, as top petroleum firms announced plans to boost imports amid fears of a shutdown of the country’s biggest refinery.
ExxonMobil stares down China for Vietnam gas
US energy giant recommits to $20 billion ‘Blue Whale’ gas project despite tacit threats from Beijing and shifting sentiment on fossil fuels
President Phuc discusses oil, energy cooperation in Putin meeting
Russia and Vietnam have agreed to continue their cooperation in the oil and gas sector.
Vietnam seeks information from Iran about seized oil tanker
A Vietnamese oil tanker was seized at gunpoint by Iranian soldiers in the Gulf of Oman on October 24, for reasons that remain unclear.
Vietnam in talks with Iran over seized oil tanker
Vietnam has been in talks with Iranian authorities over the seizure last month of a Vietnamese oil tanker off the Iranian coast, in an effort to guarantee the safety of the crew, the Southeast Asian nation’s said on Thursday.
Oil extraction challenges diminish Vietnam’s gains from rising prices
Vietnam is facing challenges in crude oil extraction due to depleting resources, offsetting potential gains amidst surging oil prices.
The U.S. risks losing out from its own trade push in Vietnam
The Trump administration pressured the country to award big LNG projects to American companies. Some of them may not materialize.
Malaysian oil company to enter Vietnam market
Malaysia’s Hibiscus Petroleum Berhad has acquired the assets of Spanish oil exploration and drilling firm Repsol Exploración, S.A. in Vietnam.
Glimmers of hope for giant Vietnam offshore gas project
There are increasing signals that the long-stalled multi-billion dollar Block B gas project offshore Vietnam could finally start making progress again this year.
Vietnam regrets U.S. decision to sanction firm over Iran-related trade
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.
Energy companies make a beeline for central Vietnam
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.
Vietnam, five ASEAN countries connect transregional gas pipeline
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.
The Strategic significance of Vietnam-US oil and gas cooperation
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 refinery processes first batch of Russian Sokol crude
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.
China pressurises Vietnam to cancel, compensate offshore firms operating in South China Sea
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.
Vietnam set to slash sweet crude exports as low prices hurt output and sales
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
Dwindling oil prices a double-edged sword for Vietnam’s economy
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…
Powering Vietnam
Fast-growing economy needs to diversify away from coal, with gas expected to play a bigger role.