Former General Director of the PVEP Do Van Khanh, one of the defendants, at the trial on May 6 (Photo: VNA)

Court postpones trial on PVEP case to summon more witnesses

The People’s Court of Hanoi on May 6 decided to suspend a trial for the case of “abusing position and power to appropriate assets” that occurred at the PetroVietnam Exploration Production Corporation (PVEP).
Vu Thi Ngoc Lan

One more official of national oil group arrested in Oceanbank case

The Ministry of Public Security on January 8 decided to prosecute and arrest Vu Thi Ngoc Lan, deputy director general of PetroVietnam Exploration Production Corporation (PVEP) which is a member of the Vietnam Oil and Gas Group, for abuse of position to arrogate properties.

PVEP transfers 5 percent interest in Block 15-1/05 to Murphy - Illustrative image (Source: VNA)

PVEP sells 5 percent interest in Block 15-1/05 to Murphy

The PetroVietnam Exploration Production Corporation (PVEP) has signed a deal on the transfer of a 5-percent interest and the administration right in Block 15-1/05 to Murphy Cuu Long Bac Oil Co. Ltd.