November 29, 2011
Petrolimex is the largest fuel trader in Vietnam with a market share of around 60 percent Vietnam’s fuel market needs to be restructured to ease the dominance of Petrolimex, the top oil products distributor, says Finance Minister Vuong Dinh Hue. “In the long term we need to think about reorganizing the market by giving opportunities [...]
Tags: 60 Percent, Around 60, Fuel Market, Fuel Trader, Largest Fuel, Largest Fuel Trader, market, Market Share, needs, Oil Products, Petrolimex, Pv Oil, Rdquo Hue, Rdquo Hue Said, share, The largest, The Largest Fuel, The Largest Fuel Trader, Vietnam
Posted in Business | Comments Off
September 18, 2011
Vietnam reduced the price of oil products by 2.3 percent late August The Ministry of Finance has turned down a proposal by fuel distributors to raise retail petroleum prices, and asked them to ensure stable supply for the market. Vietnam reduced the price of oil products by 2.3 percent late August, after consumer prices rose [...]
Tags: Fuel Distributors, Late August, ministry, Of Oil Products, Oil Products, percent, Percent Late August, petrol, Petrol Prices, price, prices, products, Reduced The Price, The ministry, The price, Vietnam, Vietnam Reduced, Vietnam Reduced The, Vietnam Reduced The Price
Posted in Business | Comments Off
September 1, 2011
Dung Quat produced more than 3.3 million tons of oil products in the first seven months Vietnam’s Dung Quat Refinery restarted Friday, following a shutdown for maintenance that ended earlier than expected. State-owned oil and gas group PetroVietnam stopped the 130,000-barrel-a-day refinery on July 15 for scheduled maintenance, which was scheduled to last through mid-September. [...]
Tags: capacity, Dung Quat, Dung Quat Produced, Dung Quat Produced More, Dung Quat Refinery, First Seven, First Seven Months, In The First, In The First Seven, Maintenance, million, Million tons, Of Oil Products, Oil Products, Produced More Than, Quat Produced, Quat Produced More, Quat Produced More Than, Quat Refinery, refinery, Seven Months, The first, The First Seven, The First Seven Months, The Plant, Vietnam
Posted in Business | Comments Off
July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
Tags: A92 Gasoline, An Expert Who, April, companies, company, compared, Compared With April, Consumers, costs, Diesel, Diesel Prices, distributors, finance, Finance Ministry, Fuel prices, Fuel Traders, Gas Stations, Gasoline, Gasoline Prices, General director, given, global, Global Prices, Government, import, Import tax, imported, importers, In Fuel Prices, In Line With, increase, inflation, Input, Input Costs, Last week, Ldquo, Liter, Local, lower, Lower Fuel, Lower Fuel Prices, March, March 29, ministry, Of Saigon Petro, Oil Prices, Oil Products, One Way, One Way Street, One Way Street For, Per Liter, percent, petroleum, Petroleum Prices, Petrolimex, price, Price cuts, Price Stabilization, Price Stabilization Fund, prices, Prices Rose, profit, Rdquo, Remain Unnamed, retail, Retail prices, Said ldquo, Said The Government, Saigon Petro, Sharp Increases, Since March, Stabilization, Stabilization Fund, Thanh nien, The company, The Decision, The Finance, The Finance Ministry, The Fuel, The government, The ministry, The price, The Price Stabilization, The Price Stabilization Fund, Their Input, Their Input Costs, To Pay More, To Remain Unnamed, To The Price, To The Price Stabilization, Vietnam, Way Street, Way Street For, When Global, When Global Prices, Who Wished, world, World Markets
Posted in Business | Comments Off
June 3, 2011
Petrolimex, Vietnam’s top oil importer and distributor, has received government approval to sell around 5 percent of its shares in an initial public offering. The state would retain a 94.99 percent of stake after the share sale and would reduce it to 75 percent at a later stage, Deputy Prime Minister Nguyen Sinh Hung [...]
Tags: Dung Quat, Government, million, Million tons, Of Oil Products, Oil Products, percent, Petrolimex, products, shares, state, The government, Vietnam
Posted in Business | Comments Off
January 13, 2011
Vietnam officially opened Dung Quat oil refinery on Thursday Vietnam officially opened Dung Quat oil refinery on Thursday, nearly two years after the plant first started its commercial operation in Quang Ngai Province. The inauguration ceremony for the country’s only refinery was earlier scheduled for December 24 but delayed due to unknown reasons. Speaking at [...]
Tags: Dung Quat, Dung Quat Oil, Dung Quat Oil Refinery, officially, Officially Opened, Officially Opened Dung, Officially Opened Dung Quat, Oil Products, Oil Refinery, Opened Dung, Opened Dung Quat, Opened Dung Quat Oil, Quat Oil, Quat Oil Refinery, refinery, The Inauguration, The Plant, Vietnam, Vietnam Officially, Vietnam Officially Opened, Vietnam Officially Opened Dung
Posted in Business | Comments Off
January 27, 2010
Vietnam has narrowed the prices used to calculate oil product import tariffs by switching to a Platts 30-day average of Singapore WTI crude oil prices, a move traders said would not immediately impact demand. The Platts spread is $45 to $95 a barrel, compared to tariffs in place since last April based on crude oil [...]
Tags: 000 Tons, Average, Barrel, Crude, Crude Oil Prices, Crude Prices, Crude-oil, Delivery, demand, impact, import, Million tons, Oil Prices, Oil Product, Oil Products, percent, Platts, prices, product, products, tariff, tariffs, Tax Structure, The new, The Tariff, This year, Vietnam, Wti Crude
Posted in Business, News | Comments Off
January 13, 2010
Petrol distributors’ attempt to raise petroleum product prices by up to 500 dong per litre earlier this week has not been accepted as yet. Under the proposal made by a number of key petroleum importers and distributors, retail prices of petrol and oil products would rise by up to 500 dong per litre. Distributors said [...]
Tags: 500 Dong, 500 Dong Per, 500 Dong Per Litre, And Oil Products, December 15, Decree 84, Dong Per, Dong Per Litre, enterprises, importers, Importers Are Incurring, litre, ministry, Oil Products, Per Litre, petrol, Petrol And Oil, Petrol And Oil Products, price, prices, products, retail, Retail prices, Said World, The ministry, The Retail, To 500 Dong, To 500 Dong Per, Took Effect, world
Posted in Business, News | Comments Off
October 7, 2009
Vietnam, which maintains tight control over retail fuel prices, plans to give distributors more autonomy in pricing oil products, a state-run newspaper quoted a government official as saying. The Phap Luat newspaper quoted Deputy Industry and Trade Minister Tran Van Hieu as saying the ministry had drafted a law to allow distributors to automatically raise [...]
Tags: As Saying The, distributors, Government, If World, If World Crude, Industry And Trade, ministry, Newspaper Quoted, Oil Products, Per cent, prices, Prices Rise, Pump Prices, world, World Crude
Posted in Business, News | Comments Off
September 7, 2009
State Oil Co. of Azerbaijan, the Baku-based refiner, has acquired Swiss trader Fair Energy SAâs Vietnam office and two staff as part of plans to expand its coverage of oil products in Asia, a company official said. Socar, as State Oil is known, also took on Fair Energyâs three Singapore staff and Asian petroleum trading [...]
Tags: energy, Fair Energy, Office, Oil Products, Singapore, Singapore Staff, Socar, staff, State Oil, Vietnam, Vietnam Office
Posted in Business, News | Comments Off
