The Vietnam Oil & Gas Group, also known as PetroVietnam, plans to spend around US$1.2 billion to expand and upgrade the Dung Quat Oil Refinery so it can meet as much as half of the nation’s fuel demands.

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Vietnam 1st refinery set for $1.2 bln upgrade

PetroVietnam Construction JSC, a subsidiary of state-owned Vietnam Oil and Gas Group, announced on Sunday that it has adjusted the height of its tower project in Hanoi to cut construction costs.

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Tallest skyscraper project scaled down

Vietnam’s state oil and gas group PetroVietnam said it would start building a $1.2-billion coal-fired power plant in early January in the country’s southern region.

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PetroVietnam to build $1.2 bln thermal power plant

The PetroVietnam Power Corporation Friday held a ground-breaking ceremony for construction of a wind power plant on Phu Quy Island in the central province of Binh Thuan.

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Work begins on wind power plant on Phu Quy Island

Oil and gas group PetroVietnam has said it is investing a total US$2.35 billion in 25 exploration projects overseas.

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PetroVietnam invests $2.35 billion abroad

State-owned oil and gas group PetroVietnam on Wednesday started construction of the country’s largest liquefied gas storage facility with a capacity of 84,000 tons.

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PetroVietnam builds nation’s largest LPG storage facility

The National Oil and Gas Group, PetroVietnam, will develop a steel plant in the southern province of Tien Giang to meet the groups needs as well as demand in the domestic market.

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PetroVietnam builds steel plant in Tien Giang

PetroVietnam, the nation’s state-owned oil and gas group, has said that its Dung Quat refinery will face a surplus of around 157,200 cubic meters this year even if local fuel traders try their best to purchase its products.

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Dung Quat refinery faces year-end surplus

Indian state-run explorer Oil and Natural Gas Corp will make a joint bid with PetroVietnam for BP’s Vietnam assets after completing its evaluation of them in the next few weeks, Oil Secretary S. Sundareshan told reporters on Saturday.

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ONGC to finalize BP Vietnam asset valuation in few weeks

PetroVietnam Gas Corp., a unit of Vietnam Oil & Gas Group, plans to raise at least VND5.87 trillion (US$301 million) in an initial share sale that may take place next month, General Director Do Khang Ninh said in an interview.

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PetroVietnam Gas to raise $301 mln in share sale