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Vietnamese oil facing significant hurdles

The government is promoting energy self-reliance rapidly as global developments have significantly changed the world’s energy situation, pushing Europe into gas scarcity for this winter. ....

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Oil and gas sector counting on vital new investment cycle

As oil prices anchor around $90-100 per barrel globally, changes in the oil and gas policy of many markets are expected to bring a new cycle of investment to Vietnam – with the government also taking steps to transition to renewable energy sources by cooperating with countries around the world. ....

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VIETNAM BUSINESS NEWS AUGUST 9

Extra efforts needed to achieve target of 5 million foreign tourists: insiders ....

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Comprehensive revisions needed for Petroleum Law

After nearly 30 years of enforcement, the Petroleum Law now needs revisions to be in line with international practices and Vietnam’s energy development strategy and create momentum for the oil and gas industry’s development. ....

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PVEP to expand oil and gas operations by $380 million in 2021

PVEP to expand oil and gas operations by $380 million in 2021
15:37 | 14/02/2021
PetroVietnam Exploration Production Corporation (PVEP) will invest $380 million to explore new oil and gas fields this year.
According to Hoang Ngoc Trung, deputy general director of PVEP, this move will contribute to offsetting the drop in oil and gas output at the corporation s existing fields. Although the selling price of oil is relatively low at $45 per barrel, impacting the corporationâs exploration and other investment activities, PVEP has still decidedÂ to pour $380 million in its core operations to ensure productivity in upcoming years.
Trung added thatÂ oil and gas exploration carries several risks, thus support of state authorities in dealing with difficulties, as well as investment and legal procedures, would help PVEP to accelerate investment and exploration at new fields located at deep sea areas and marginal oil fields. ....

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