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Paragon Oil was founded by brothers Henry, Irving, Robert, Benjamin, and Arnold Schwartz. The brothers, and their sister Bess Schwartz Levy, were first-generation Americans, all born between 1896 and 1909 in Brooklyn , New York.
Vietnam Oil and Gas Group (Vietnamese: Tập đoàn Dầu khí Việt Nam), commonly known as PetroVietnam (PVN; alternatively stylized Petrovietnam or PETROVIETNAM), is the state-owned national oil and gas corporation of Vietnam.
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Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia, with a total 2011 output of 318,000 barrels per day (50,600 m 3 /d). [1] In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region. [2]
Vietnam had the fastest growth in coal use in Southeast Asia during 2011-2021, at an annual growth rate of 11%. [4]Data of the Ministry of Industry and Trade (MOIT), 10 months of 2018 coal production was estimated at 34.35 million tons, up 10% over the same period in 2017, of which clean coal output of Vinacomin (TKV) was 29.6 million tons, up 10.9% over the same period last year. [5]
The Vietnam National Petroleum Corporation was initially created in January 1956 under the name Vietnam National Petroleum Corporation, set up by decree of the minister of commerce. [ 4 ] In July 2011, Petrolimex sold 2.56% of its shares in an IPO, raising $20 million, with the state still holding 94.99% of the capital.
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Vietnam's oil reserves are in the range of 270–500 million tons. Oil production rose rapidly to 403,300 barrels per day (64,120 m 3 /d) in 2004, but output is believed to have peaked and is expected to decline gradually. In 2003, mining and quarrying accounted for 9.4% of GDP, and the sector employed 0.7% of the workforce.