Petrovietnam
Vietnamese state-owned oil company
Petrovietnam (PVN), formally the Vietnam National Industry - Energy Group (Vietnamese: Tập đoàn Công nghiệp – Năng lượng Quốc gia Việt Nam) and formerly the Vietnam Oil and Gas Group (Tập đoàn Dầu khí Việt Nam or Tập đoàn Dầu khí Quốc gia Việt Nam, 'Vietnam (National) Oil-gas Group'), is the state-owned national oil, gas and energy industry corporation of Vietnam. Petrovietnam has developed rapidly since it was established in 1975, 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.
Operations
Petrovietnam also carries out exploration activities in Malaysia, Indonesia, Mongolia, Myanmar and Algeria, and recovers oil in Iraq and Malaysia.
International cooperation
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. India has expressed interest in buying BP's assets to secure needed energy resources for its fast-growing economy.
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.
Subsidiaries and joint-ventures
Petrovietnam has several subsidiaries:
Petrovietnam Exploration Production Corporation (PVEP)
Petrovietnam Gas Corporation (PV Gas)
Vietnam Steel Gas Pipeline Joint-Stock Corporation (PV Pipe)
Petrovietnam Oil Corporation (PV Oil)
Petrovietnam Power Corporation (PV Power)
Binh Son Refinery Ltd.
The public source identifies “Petrovietnam” as vietnamese state-owned oil company. This brief keeps that definition visible, then builds a research path around Petrovietnam, Vietnamese and state-owned.
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Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Jun 16, 2026. The linked authority identifier is Q2089536. VIAF identifies the subject as 150327869. The Library of Congress control number is no00039732. 2 of 4 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1975 and 2010.
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This entry incorporates text from “Petrovietnam” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.