industry founded 1977 1977 headquarters hanoi vietnam products oil natural gas coal electricity revenue 37 billion 2012 1 operating income 5.4 billion 2012 owner vietnam website english.pvn.vn petrovietnam is the trading name of vietnam oil and gas group pvn in vietnamese t p o n d u kh qu c gia vi t nam . petrovietnam has developed rapidly since it was established in 1977 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 all oil and gas resources in the country and has become its country s largest oil producer and second largest power producer . 3 contents 1 operations 2 international cooperation 3 subsidiaries and joint ventures 4 references 5 external links operations edit petrovietnam also carries out exploration activities in malaysia indonesia mongolia myanmar and algeria and recovers oil in iraq and malaysia . 4 international cooperation edit in order to help pay for the costs stemming from the deepwater horizon explosion bp plans 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 with ongc petrovietnam and conocophillips . 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 the dung quat oil refinery plant no 1 in vietnam which began operating at 100 % production capacity in august 2010 . 6 subsidiaries and joint ventures edit petrovietnam 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 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 finance joint stock corporation pvfc petrovietnam insurance joint 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 manufacturer vinatex to build vietnam s first polyester fiber plant . the factory will be located in haiphong and 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 experts from petrovietnam work in tyumenniigiprogas . tyumen russia . 2014 . together with gazprom the company has established vietgazprom . 10 references edit pvn l i g n 5 4 t la m . the saigon times . 27 december 2012 . retrieved 28 december 2012 . http www.pvn.vn portal news & page detail & category id 7 & id 388 a b sharma rakesh july 21 2010 . india interested in buying bp assets in vietnam oil minister . wall street journal . retrieved july 25 2010 . dead link http www.gazprom.com eng news 2006 11 21623 . shtml archived september 28 2007 at the wayback machine . who will buy bp s property in vietnam . look at vietnam . july 23 2010 . retrieved july 25 2010 . petrovietnam secures 1 billion loan to develop dung quat oil refinery . world construction network . retrieved 29 september 2010 . official pvn website pv pipe s n xu t ng th p d u kh u n m 2013 . the saigon times . 2012 10 16 . retrieved 2012 10 19 . pvtex to operate first polyester fiber project early 2011 . the saigon times . 2010 05 14 . retrieved 2011 07 06 . vietgazprom to hire energy searcher . upstream online . nhst media group . 2011 12 15 . subscription required . retrieved 2011 12 15 . external links edit wikimedia commons has media related to petrovietnam . official website petrovietnam s manpower supply and services company information of vietnam oil and gas group v t e petroleum industry petroleum primary energy benchmarks argus sour bonny light brent dubai indonesian isthmus 34 light japan cocktail opec reference basket tapis urals western canadian select west texas intermediate data natural gas consumption production reserves imports exports price petroleum consumption production reserves imports exports price of gasoline and diesel exploration core sampling geophysics integrated asset modelling petroleum engineering reservoir simulation seismic to simulation petroleum geology petrophysics reflection seismology seismic inversion seismic source drilling blowout completion squeeze job differential sticking directional drilling geosteering drilling engineering drilling fluid invasion drill stem test lost circulation measurement tracers underbalanced drilling well logging production petroleum fiscal regime concessions production sharing agreements artificial lift pumpjack submersible pump esp gas lift downstream enhanced oil recovery eor steam injection gas reinjection midstream petroleum product pipeline transport refining upstream water injection well intervention xt history 1967 oil embargo 1973 oil crisis 1979 energy crisis 1980s oil glut 1990 oil price shock 2000s energy crisis 2010s oil glut founders history of the petroleum industry nationalization opec seven sisters standard oil oil market timelines provinces and fields list of natural gas fields list of oil fields east midlands oil province east texas gulf of mexico niger delta north sea persian gulf prudhoe bay oil field russia venezuela western canadian sedimentary basin other topics acronyms peak oil mitigation timing people petrocurrency petrodollar recycling shale gas swing producer unconventional oil heavy crude oil sands oil shale companies and organisations major petroleum companies supermajors bp chevron conocophillips exxonmobil royal dutch shell total national oil companies adnoc uae cnooc china cnpc china ecopetrol colombia gazprom russia iraq national oil company indian oil corporation kuwait petroleum corporation lotos poland nigerian national petroleum corporation nioc iran nisoc iran ogdcl pakistan ongc india pdvsa venezuela pkn orlen poland pemex mexico pertamina indonesia petrobras brazil petrochina petronas malaysia petrovietnam ptt thailand qatar petroleum rosneft russia saudi aramco saudi arabia sinopec china socar azerbaijan sonangol angola sonatrach algeria statoil norway ypf argentina energy trading glencore gunvor mercuria naftiran intertrade trafigura vitol other anadarko apache bg group cenovus energy compa a espa ola de petr leos devon eni galp energia hess husky energy imperial oil lukoil marathon oil nippon oil occidental omv port harcourt refining company reliance industries repsol suncor energy surgutneftegas tnk bp tullow oil t pra major services companies amec foster wheeler baker hughes cameron cgg ch2m hill chicago bridge & iron company china oilfield services enbridge ensco ge oil & gas halliburton naftiran intertrade national oilwell varco petrofac saipem schlumberger snam subsea 7 technip transcanada transocean weatherford wood group other international association of oil & gas producers international energy agency international petroleum exchange opec society of petroleum engineers world petroleum council category commons v t e vietnam articles history timeline early dynastic epoch chinese millennium late dynastic epoch republican period geography ecoregions northern vietnam central vietnam southern vietnam north central coast b c trung b northeast ng b c southeast ng nam b mekong delta south central coast nam trung b provinces red river delta northwest t y b c central highlands t y nguy n politics constitution foreign relations human rights lgbt communist party history of central officeholders national congress general secretary central committee politburo secretariat executive and legislative president government prime minister deputy prime ministers ministers national assembly chairmen standing committee elections judiciary supreme people s court provincial municipal courts local courts military courts military central military commission ground force navy air force coast guard border guard air force security forces police economy agriculture doi moi renovation dong currency energy five year plans international rankings manufacturing telecommunications tourism transport air airlines jetstar pacific airlines vietnam airlines airports da nang noi bai tan son nhat rail society demographics diaspora education ethnic groups public holidays time women culture art emblem dance cinema cuisine flag literature martial arts media music religion theater vietnamese studies outline index book category portal retrieved from https en.wikipedia.org w index.php title petrovietnam & oldid 717510982 categories oil and gas companies of vietnamgovernment owned companies of vietnamnational oil and gas companiesenergy companies established in 1977non renewable resource companies established in 19771970s establishments in vietnamvietnamese brandshidden categories all articles with dead external linksarticles with dead external links from october 2010articles with wayback machine linkspages containing links to subscription only contentcommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages az rbaycanca fran ais ti ng vi t edit links this page was last modified on 28 april 2016 at 04 41 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view