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Australia’s Gilmour Space Technologies ready to launch maiden Eris Test flight the nation’s first orbital launch in over 50 years
Gilmour Space Technologies is the leading launch services company...
Korea’s space agency seeks revision of plan to modify next-gen rockets into reusable system
South Korea's aerospace agency said on Thursday that it...
UAE Space Agency Signs Agreement With Technology Innovation Institute to Execute the Emirates Mission to the Asteroid Belt’s Lander Project
In the presence of His Highness Sheikh Hamdan bin...
Private Japanese lunar lander enters orbit around moon ahead of a June touchdown
A private lunar lander from Japan is now circling the moon, with...
Indian astronaut to travel soon to ISS as part of ISRO-NASA Mission
Prime Minister Narendra Modi said by 2040, an Indian’s...
China issues regulatory framework to support direct-to-device satellite services
HELSINKI — China has released comprehensive regulations for direct-to-device...
Astranis clinches $115 million Taiwan deal despite satellite setback
TAMPA, Fla. — Astranis has signed a $115 million...
UAE and Egypt Strengthen Space Collaboration with New MoU
In a milestone development for Arab space collaboration, the...
Seoul launches 4th spy satellite to boost North Korea surveillance
South Korea’s military now operates an increasingly integrated cluster...
Indonesia seeks space defense cooperation with Japan’s military
Jakarta (ANTARA) - The Ministry of Defense of Indonesia...

August 18th, 2011
PetroVietnam to Ramp Up Production

PetroVietnam is to be one of the nation’s leading groups, both inside and outside the country, with sharpened competitive edges and growth of up to 20 percent a year, according to a five-year plan approved by the Prime Minister. The group aims to increase oil and gas reserves and petroleum exploration output by 35-40 million tonnes and 23-34 million tonnes of oil equivalent per year respectively. By 2015, PetroVietnam would be able to produce about 16-17 million tonnes of refined oil, meeting 50-60 percent of domestic petrol demand and 60-70 percent of nitrogenous fertiliser demand.  Read More