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Update news Petrolimex
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
Dao Nam Hai has been dismissed from his role as CEO and has also ceased to be a board member of Vietnam National Petroleum Group (Petrolimex) effective May 30.
Effective May 6, Dao Nam Hai was removed from his leadership duties until further notice from relevant authorities.
ADB will provide technical support for Petrolimex to carry out its work, including a preliminary assessment of the group's investment and business portfolio and potential energy transition roadmaps.
The auction is expected to take place in the first quarter of 2025, with an initial price of over VNĐ68.1 billion and a 10 per cent deposit required for participation.