Politics

PM underlines key role of PetroVietnam in national energy security

The Vietnam Oil and Gas Group (PetroVietnam) should focus on digital transformation and energy transition, Prime Minister Pham Minh Chinh said while addressing the group's conference in Hanoi on January 10 to review its 2022 activities and launch tasks set for 2023.
PM underlines key role of PetroVietnam in national energy security ảnh 1PM Pham Minh Chinh listens to introduction about PetroVietnam's activities (Photo: VNA)

Hanoi (VNA)–The Vietnam Oil and Gas Group (PetroVietnam) should focus on digital transformation and energy transition, Prime MinisterPham Minh Chinh said while addressing the group's conference in Hanoi on January 10 to review its 2022 activities and launch tasks set for 2023.

He asked the group to safely and effectively operate oil and gas projects, striving to fulfill 2023 goals and making contributions to ensuring national energy security and meeting domestic demand for oil and gas, electricity and fertilisers.

PetroVietnam should also work closely with the Ministry of National Defence, Ministry of Foreign Affairs and Ministry of Public Security and concerned agencies to ensure national defence and economic security in oil and gas activities, the PM said.

Last year, PetroVietnam’scrude oil exploitation hit a record with 8.98 million tonnes, up 28% from thetarget. Its production and export of fertilisers reached 1.88 million tonnes and606,000 tonnes, respectively. Petrol production met about 75% of domesticdemand. With a total revenue of 931.2 trillion VND (40.4 billion USD), itsbefore-tax profit surpassed 82 trillion VND and State budget collection hit170.6 trillion VND, or about 9.6% of total revenues of the State budget.

PetroVietnam also putinto operation the Song Hau 1 and Thai Binh 2 power projects, accelerated theprogress of thermal and gas power projects and expanded the Dung Quat oil refinery.

This year, the groupsets goals of tapping 9.29 million tonnes of oil and 5.94-8.11 billion cu.mof gas, and producing 1.6 million tonnes of fertiliser and 24 billion kWh of electricity. It aims for revenues of  677.7 trillion VND and contributing 78.3 trillion VNDto the State budget.

At the event, the PMand leaders of ministries and agencies also presented noble distinctions of theParty and State to PetroVietnam’s units and individuals in honour oftheir contributions to national development./.

VNA
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