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Petrovietnam. PetroVietnam ( PVN; alternatively stylized Petrovietnam or PETROVIETNAM) is the trading name of the Vietnam Oil and Gas Group ( Vietnamese: Tập đoàn Dầu khí Quốc gia Việt Nam, lit. 'Vietnam National Oil and Gas Group'). PetroVietnam has developed rapidly since it was established in 1975, [ 2] and its activities, through ...
The petro, or petromoneda, [23] launched in February 2018, is a cryptocurrency developed by the government of Venezuela. [ 24 ] [ 25 ] Announced in December 2017, it is claimed to be backed by the country's oil and mineral reserves , and it is intended to supplement Venezuela's plummeting bolívar fuerte currency, purportedly as a means of ...
The Russia-Vietnam Joint Venture – Vietsovpetro [3] (VSP; [4] Vietnamese: Liên doanh Việt – Nga Vietsovpetro, lit. 'Viet-Russo Joint venture Vietsovpetro', [5] Russian: Совместное российско-вьетнамское предприятие «Вьетсовпетро», romanized: Sovmestnoye rossiysko-v'yetnamskoye predpriyatiye «V'yetsovpetro», lit.
Petrochemical plant in Saudi Arabia. Petrochemicals (sometimes abbreviated as petchems [1]) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane.
CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC.In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses.
Oil prices for Brent in US$ (blue) and Euro (red) From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $60. A series of events led the price to exceed $60 by August 11, 2005, leading to a record-speed hike that ...
Petrostate. A petrostate or oil state is a country whose economy is heavily dependent on the extraction and export of oil or natural gas. The presence alone of large oil and gas industries does not define a petrostate: major oil producers that also have diversified economies are not classified as petrostates due to their ability to generate ...
PetroVietnam Insurance Joint-Stock Company (PVI Vietnamese: Tổng công ty Cổ phần Bảo hiểm Dầu khí Việt Nam) is a Vietnamese insurance company. The state-owned PetroVietnam holds a controlling stake in PVI. It had a share of around 20% in the insurance market (excluding life insurance) in 2011, making it the second largest ...