Vietnam Oil and Gas Group(Vietnamese:Tập đoàn Dầu khí Việt Nam), commonly known asPetroVietnam(PVN;alternatively stylizedPetrovietnamor PETROVIETNAM), is thestate-ownednationaloilandgascorporation ofVietnam.PetroVietnam has developed rapidly since it was established in 1975,[2]and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services. Wholly owned by the Vietnamese central government, it is responsible for alloilandgasresources in the country and has become its country's largest oil producer and second-largest power producer.[3]
 | |
| PETROVIETNAM | |
Native name | Tập đoàn Dầu khí Việt Nam |
| Company type | State-owned enterprise |
| (Subsidiaries) | |
| Industry | Oil and Gasindustry |
| Founded | 1977 |
| Headquarters | , Vietnam |
| Products | Oil, natural gas, coal, electricity |
| Revenue | $37 billion (2012)[1] |
| $5.4 billion (2012) | |
| Owner | Government of Vietnam |
| Subsidiaries | Vietsovpetro |
| Website | www |
Operations
editPetroVietnam also carries out exploration activities inMalaysia,Indonesia,Mongolia,MyanmarandAlgeria,and recovers oil inIraqandMalaysia.[4]
International cooperation
editIn order to help pay for the costs stemming from theDeepwater Horizon explosion,BPplans to sell its stakes in gas and oil properties in Vietnam. It maintains joint ownership of such projects — Lan Tay-Lan Do gas field and Nam Con Son pipeline — withONGC,PetroVietnam, andConocoPhillips.Moreover, its partners will be given priority when purchasing its shares should Hanoi approve the transaction.[5]India has expressed interest in buying BP's assets to secure needed energy resources for its fast-growing economy.[3]
In 2010, PetroVietnam Group has secured $1 billion loan from government bond proceeds and BNP Paribas for theDung Quat oil refineryPlant No 1, in Vietnam, which began operating at 100% production capacity in August 2010.[6]
Subsidiaries and joint-ventures
editPetroVietnam has several subsidiaries:[7]
- Petrovietnam Exploration Production Corporation (PVEP)
- Petrovietnam Gas Corporation (PV Gas)
- Vietnam Steel Gas Pipeline Joint-Stock Corporation (PV Pipe)[8]
- Petrovietnam Oil Corporation (PV Oil)
- Petrovietnam Power Corporation (PV Power)
- Binh Son Refinery Ltd. (BSR)
- Petec Trading and Investment Corporation
- PetroVietnam University(Trường Đại học Dầu khí Việt Nam)[1]
PetroVietnam holds controlling stakes in the following companies:
- PetroVietnam Drilling & Well Services Joint Stock Corporation (PV Drilling)
- PetroVietnam Technical Service Joint Stock Corporation (PTSC)
- PetroVietnam Transportation Joint Stock Corporation (PV Trans)
- PetroVietnam FinanceJoint Stock Corporation (PVFC)
- PetroVietnam InsuranceJoint Stock Corporation (PVI)
- PetroVietnam General Service Joint Stock Corporation (Petrosetco)
- PetroVietnam Construction Joint Stock Corporation (PVC)
- PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo)
- Drilling Mud Joint Stock Corporation (DMC)
- Joint Venture Vietsovpetro (VSP)
- PetroVietnam Petrochemicals and Fibre Joint Stock Company (PV Tex), a joint-venture set up with textile manufacturerVinatexto build Vietnam's first polyester fiber plant. The factory will be located inHaiphongand use by-products from oil-refining.[9]
- Vietnam Energy Inspection Joint Stock Company (EIC)
- Phuoc An Port Construction and Investment Joint Stock Company (PAP)
- Petrovietnam Construction Investment Consultant Joint Stock Company (PCIC)
Together withGazpromthe company has established Vietgazprom.[10]
Finance Corporation
editPetroVietnam Joinstock Finance Corporation(international transaction name: PetroVietnam Finance Corporation, brief name PVFC) is a non-banking finance corporation, a subsidiary PetroVietnam. The corporation's slogan is "New Confidence of Development".
PVFC was founded on June 19, 2000 under the name PetroVietnam Finance Company. It was certificatedISO 9001:2000by SGS (Switzerland) on May 5, 2004. In 2008, it transformed to Petrovietnam Finance Joint Stock Corporation with VND 5000 billion chartered capital. It heldIPOin October 2008 and listed on theHo Chi Minh Securities Trading Centerunder code PVF. Strategic partnerMorgan Stanleyholds 10% out of PVFC'schartered capital.
References
edit- ^"PVN lãi gần 5,4 tỉ đô la Mỹ".The Saigon Times.December 27, 2012. Archived fromthe originalon December 30, 2013.RetrievedDecember 28,2012.
- ^Egal."PVN Internet".pvn.vn.RetrievedApril 11,2018.
- ^abSharma, Rakesh (July 21, 2010)."India Interested In Buying BP Assets In Vietnam - Oil Minister".Wall Street Journal.RetrievedJuly 25,2010.[dead link]
- ^"Gazprom".gazprom.Archived fromthe originalon September 28, 2007.
- ^"Who will buy BP's property in Vietnam?".Look at Vietnam.July 23, 2010. Archived fromthe originalon March 20, 2014.RetrievedJuly 25,2010.
- ^"PetroVietnam secures $1 billion loan to develop Dung Quat oil refinery".World Construction Network. Archived fromthe originalon March 6, 2012.RetrievedSeptember 29,2010.
- ^"Vietnam National Oil and Gas Group".english.pvn.vn.Archived fromthe originalon July 19, 2010.RetrievedApril 11,2018.
- ^"PV Pipe sản xuất ống thép dầu khí đầu năm 2013".The Saigon Times. October 16, 2012. Archived fromthe originalon March 4, 2016.RetrievedOctober 19,2012.
- ^ "PVTex to operate first polyester fiber project early 2011".The Saigon Times.May 14, 2010. Archived fromthe originalon October 6, 2011.RetrievedJuly 6,2011.
- ^ "Vietgazprom to hire Energy Searcher".Upstream Online.NHST Media Group.December 15, 2011.RetrievedDecember 15,2011.
External links
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