Petrovietnam seeks to expand energy partnership with Canada
State-owned Petrovietnam is seeking to deepen cooperation with Canada in LNG, nuclear power and carbon capture and storage (CCS).
Updates, stories and category highlights from Petrovietnam.
State-owned Petrovietnam is seeking to deepen cooperation with Canada in LNG, nuclear power and carbon capture and storage (CCS).
Creating a policy environment to foster new growth drivers for the Vietnam National Energy and Industry Corporation (Petrovietnam) will significantly contribute to realizing the double-digit growth target of the economy.
Speaking at the conference reviewing the first six months of 2026, Deputy Prime Minister Pham Gia Tuc highlighted the assessment that "Petrovietnam has made important contributions to macroeconomic stability, ensuring major economic balances and maintaining national energy security."
Against the backdrop of the geopolitical situation in the Middle East significantly impacting the global energy market, Petrovietnam and NSRP have proactively implemented a series of solutions, ranging from diversifying crude oil sources and maintaining maximum refinery operating capacity to leveraging the strengths of the entire energy ecosystem, contributing to maintaining domestic supply and ensuring national energy security.
The signing ceremony for the EPC and PMC contracts marks the start of construction for the NCMR Dung Quat Refinery Project, laying the foundation for enhanced refining and petrochemical capacity and energy security.
Petrovietnam is a strategic capacity of the State in ensuring energy security, economic security, maritime security, and in the energy transition process.
"The challenge is to correctly identify the necessary and sufficient conditions to transform aspirations into concrete results," emphasized Vu Dao Minh, Deputy General Director of Petrovietnam.
Rosatom's Fuel Division has signed an MOU with Petrovietnam to establish a modern additive technologies centre in Vietnam.
State-owned energy group Petrovietnam on Friday signed production sharing contracts (PSCs) for offshore Blocks 10/11 and 10&11-1, as well as a gas sales and purchase agreement (GSPA) for Phase 2B of the Su Tu Trang gas field.
According to Fortune's Southeast Asia 500 2026 ranking, Vietnam continues to make its mark with the strong rise of many large enterprises.
State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.
Geopolitical conflicts are challenging global energy supply chains. For Vietnam, maintaining the stable operation of the Nghi Son Refinery and Petrochemical Complex is not only a production challenge but also a matter of ensuring national energy security.
Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.
State-owned Petrovietnam and Singapore-headquartered Vitol Asia Pte. Ltd. in late May signed their first crude oil supply deal for the Nghi Son Refinery and Petrochemical complex, marking a concrete step in implementing a broader energy partnership.
In the context of the inevitable trend of energy transition and emission reduction, the Vietnam National Energy Industry Corporation (Petrovietnam) has proactively "activated" the E10 bioethanol supply chain from production and blending to distribution, contributing to ensuring energy security and promoting a green transition.
BSR upholds its corporate traditions, inspires a spirit of dedication and innovation, and lays the foundation for sustainable development in the petrochemical refining industry.
PV Gas, a subsidiary of state-owned Petrovietnam, has signed cooperation agreements with leading regional energy companies, including Thailand's PTT Public Company Limited and the Philippines's Petron Corporation, as the firm seeks to strengthen its position in Southeast Asia's LNG and LPG markets.
Joint Press Release Petrovietnam - Vitol
Singapore, May 29, 2026 - In the framework of the State visit to Singapore by H.E. To Lam, General Secretary of the Communist Party of Viet Nam and President of the Socialist Republic of Viet Nam, the delegation of the Vietnam National Industry - Energy Group (Petrovietnam), led by President and CEO Mr. Le Manh Cuong, together with representatives of its subsidiaries, held a working session with Vitol Asia Pte. Ltd. (Vitol) to promote the implementation of cooperation between the parties in the energy sector.
The Vietnam Oil and Gas Drilling and Services Corporation (PV Drilling) has just signed a contract to purchase an additional self-elevating drilling rig, tentatively named “PV DRILLING X”, marking an important step in the Corporation's investment and sustainable development strategy in the new phase.
The Vietnamese Government will create favourable conditions for the Russian oil and gas company Zarubezhneft to strengthen cooperation with the Viet Nam National Industry-Energy Group (Petro Viet Nam) and other Vietnamese enterprises, affirmed Permanent Deputy Prime Minister Pham Gia Tuc on May 27.