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