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Updates, stories and category highlights from Petrovietnam.

Fitch Ratings rates independent credit of PVN at BB+ 16/09/2019

Fitch Ratings rates independent credit of PVN at BB+

On 13th September 2019, Fitch Ratings announced the results of rating PVN’s independent credit at BB+; long-term foreign currency issuer default rating (IDR) for the first time at “BB” level with “Positive outlook”. This IDR rating of PVN corresponds to the national credit rating of Vietnam (BB/ Positive outlook).

Petrovietnam: 44 years accompanying and developing with the country 05/09/2019

Petrovietnam: 44 years accompanying and developing with the country

On 3rd September 1975, the Government Council issued Decree No. 170/CP on the establishment of the Vietnam General Department of Petroleum and Gas (now is Vietnam National Oil and Gas Group). It has been 44 years since this event, Vietnam National Oil and Gas Group has overcome many difficulties, challenges, continuously developed, contributed to ensuring national energy security and became economic leader in the national construction and development.

PV GAS signs contracts for Thi Vai LNG – Nhon Trach project chain 10/07/2019

PV GAS signs contracts for Thi Vai LNG – Nhon Trach project chain

On 24th June 2019 at PVN headquarters, the signing ceremony of “Contract for design, procurement of equipment and materials, construction and trial operation of Thi Vai LNG storage project” between PVGAS and Samsung C&T/PTSC General Contractor and “Frame Contract for LNG supply and consumption for Nhon Trach 3 & 4 Power Plant project” between PV GAS and PV Power took place

PVN leaders accompany Prime Minister in official visit to Russian Federation and business trip to the United Kingdom 30/05/2019

PVN leaders accompany Prime Minister in official visit to Russian Federation and business trip to the United Kingdom

At the invitation of Russian Prime Minister Medvedev D.A., Prime Minister of the Socialist Republic of Vietnam Nguyen Xuan Phuc paid an official visit to the Russian Federation from 20th May 2019 to 23rd May 2019. PVN Chairman of the Board of Directors Tran Sy Thanh, leaders of Vietsovpetro, Bien Dong POC, PVEP, PVGAS, PVOIL and the Group's Divisions accompanied the Prime Minister on the trip. After the trip to Russia, the Group's leaders had a business trip to the United Kingdom.

PetroVietnam’s highlights in 2018 13/02/2019

PetroVietnam’s highlights in 2018

In 2018, following the guidelines of the Communist Party and the state, the Vietnam National Oil and Gas Group (PetroVietnam) took drastic action to fulfill its tasks and achieved successful production and business results. Below are the five most outstanding achievements gained by PetroVietnam last year.