1. Homepage
  2. Equities
  3. Vietnam
  4. HANOI STOCK EXCHANGE
  5. PVI Holdings
  6. News
  7. Summary
    PVI   VN000000PVI1

PVI HOLDINGS

(PVI)
  Report
End-of-day quote HANOI STOCK EXCHANGE  -  2022-06-26
48800.00 VND    0.00%
04/25PVI Holdings Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/05PVI : successfully organized the Annual General Meeting of Shareholders in 2022
PU
03/10PetroVietnam says Ukraine-Russia crisis may impact new oil drilling
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PetroVietnam agrees funding deal to keep country's largest refinery operational

01/28/2022 | 08:38am EDT
FILE PHOTO: PetroVietnam oil tanks are pictured in Vung Tau

HANOI (Reuters) - Vietnam's state oil firm PetroVietnam said on Friday it had reached a short-term funding deal to keep the country's largest refinery operational.

Nghi Son Refinery and Petrochemical (NSRP) faced possible shutdown over a disagreement between shareholders about financing for crude oil, according to state media reports, and had earlier cut its production to 80% of capacity.

PetroVietnam, a major shareholder in the refinery, said in a statement it had agreed to make an early payment under a fuel offtake agreement.

"The payment helps NSRP improve its liquidity and maintain its operations," PetroVietnam said.

NSRP, which supplies a third of the country's petroleum needs, did not immediately respond to a request for comment.

PetroVietnam holds a stake of 25.1% in the 200,000 barrel-per-day refinery in Thanh Hoa province. Japan's Idemitsu Kosan Co has a share of 35.1%, the same as Kuwait Petroleum, while Mitsui Chemicals Inc owns 4.7% of the firm.

Vietnam's other refinery, Binh Son, on Wednesday said it was operating above capacity to address supply concerns, as top petroleum trading firms announced plans to boost imports amid fears of the shutdown of NSRP.

(Editing by John Geddie and Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 2.63% 115.13 Delayed Quote.43.77%
MITSUI CHEMICALS, INC. 2.83% 2947 Delayed Quote.-7.25%
PETROVIETNAM FERTILIZER AND CHEMICALS CORPORATION - JSC -6.91% 49150 End-of-day quote.-1.70%
PETROVIETNAM GAS JOINT STOCK CORPORATION 0.35% 114400 End-of-day quote.18.92%
PVI HOLDINGS 0.00% 48800 End-of-day quote.-0.20%
S&P GSCI CRUDE OIL INDEX 1.89% 600.9534 Real-time Quote.43.09%
WTI 2.91% 109.742 Delayed Quote.42.71%
All news about PVI HOLDINGS
04/25PVI Holdings Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/05PVI : successfully organized the Annual General Meeting of Shareholders in 2022
PU
03/10PetroVietnam says Ukraine-Russia crisis may impact new oil drilling
RE
02/14AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratin..
AQ
02/14AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratin..
AQ
02/09PVI : Talanx Group's net income exceeds EUR 1 billion mark for the first time
PU
01/28PetroVietnam agrees funding deal to keep country's largest refinery operational
RE
01/26Vietnam's Binh Son ups capacity, petrol firms boost imports amid shutdown fears
RE
01/26Vietnam's Binh Son ups capacity, petrol firms boost imports amid shutdown fears
RE
01/25PETROVIETNAM : Great honor, great responsibility
PU
More news
Financials
Sales 2021 486 B 20,9 M 20,9 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 11 431 B 491 M 491 M
Capi. / Sales 2021 23,5x
Capi. / Sales 2022 37,4x
Nbr of Employees 2 605
Free-Float 14,2%
Chart PVI HOLDINGS
Duration : Period :
PVI Holdings Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 48 800,00 VND
Average target price 62 400,00 VND
Spread / Average Target 27,9%
Managers and Directors
Hoa Xuan Nguyen Vice Chairman & Chief Executive Officer
Jens Holger Wohlthat Chairman
Nguyet Thi Bui Independent Director
Thuan Van Bui Director
Danh Thanh Duong Vice Chairman
Sector and Competitors