Vietnam National Petroleum Corporation, together with its subsidiaries, supplies fuels. The company offers petroleum and oil products; and liquefied petroleum gas for enterprises, industrial factories, hotels, restaurants, households, and high rise buildings, as well as transportation, building materials, metal painting, food processing, and health care sectors. It also engages in the production, trading, and export of motor lubricants, industrial and marine lubricants, specialized lubricants, greases, and petrochemical products to Laos, Cambodia, China, Hong Kong, Taiwan, and the Philippines. In addition, the company offers insurance products for various sectors, including transport, projec...
No. 1 Kham Thien Str.
Dong Da District
Founded in 1956
Vietnam To Privatize Parts Of Energy Industry
Aug 16 15
Vietnam plans to reduce its ownership stakes in some state energy companies, the Ministry of Industry and Trade said earlier in the week. The government plans to sell a 49% stake in Binh Son Refining and Petrochemical Company Ltd. (BSR), said Cao Quoc Hung, the ministry's deputy minister. The government also plans to reduce its ownership of PetroVietnam Oil Corporation (PVOil) from 100% to 51% and in Vietnam Public Joint Stock Commercial Bank (PVcomBank) from 51% to below 20%, Cao Quoc Hung said. The Vietnam Oil and Gas Corporation (PVN) would remain state-owned until at least 2030, Cao Quoc Hung said. Along with PVN, the State will maintain a decisive role in important subsidiaries, including Petrovietnam Gas Joint Stock Corporation (HOSE:GAS) (PVGas) and Vietnam National Petroleum Corporation (Petrolimex), Cao Quoc Hung said. The state plans to lower its stake from the current 96.7 % to below 75% in PVGas while it will remain at 75% in Petrolimex. Nguyen Viet Son, Deputy General Director of General Department of Energy, said that the restructuring of the oil and gas sector would improve the sector's competitiveness.
Petrolimex To Sell Stake in JX Nippon Oil & Energy
May 27 15
Vietnam National Petroleum Corporation (Petrolimex) is accelerating negotiations with JX Nippon Oil & Energy Corporation to sell 15-25% of its stakes through a share issue to raise charter capital. The completion of sale would lead to reduction to about 75%, said Dinh Viet Tien, Chief of Petrolimex's Supervisory Board at its annual shareholders' meeting on May 26, 2015.