US$5.4-billion petrochemical complex launched
15:58 | 22/03/2018 Energy
(VEN) - The Long Son Petrochemicals (LSP) complex in Ba Ria-Vung Tau Province officially began construction on February 24 after a 10-year delay. The US$5.4 billion project by the Long Son Petrochemicals Co., Ltd, a joint venture between Thailand’s SCG Group and the Vietnam National Oil and Gas Group (PetroVietnam), will cover almost 464 hectares of land and 194ha of water surface. LSP is the third facility of its kind in Vietnam, after Dung Quat and Nghi Son oil refineries.
VND600 billion hydropower plant to be built in Quang Tri
10:45 | 16/03/2018 Energy
The Quang Tri provincial People’s Committee has approved an investment plan for the construction of the Huong Phung hydropower plant in Huong Phung commune, Huong Hoa district, with a total investment capital of approximately VND600 billion (US$26.4 million).
PetroVietnam faces challenges in 2018
10:48 | 15/03/2018 Energy
The rapid exhaustion of its main oil discoveries is putting the Vietnam National Oil and Gas Group, better known as PetroVietnam, under great pressure to reach its oil exploration and production targets for 2018.