Vietsovpetro urged to pay more attention to renewable energy

First Deputy Speaker of the Federation Council of Federal Assembly of Russia (upper house) Andrey Yatskin presents a souvenir to Vietsovpetro. (Photo: VNA)

Ba Ria-Vung Tau (VNA) - Vietsovpetro should pay more attention to renewable energy, especially wind power which is Russia’s strength, First Deputy Speaker of the Federation Council of Federal Assembly of Russia (upper house) Andrey Yatskin said on February 20.

At a working session with representatives from the Russia-Vietnam oil and gas joint venture in the southern province of Ba Ria-Vung Tau, Yatskin stressed that Russia always supports Vietsovpetro for stronger relations between the two countries.

Acting Director General of Vietsovpetro Vu Mai Khanh noted that with the support from both sides, the joint venture will focus on renewable energy, particularly wind power.

2022 is the first year Vietsovpetro ended the decline in production, and increased its reserves at over 3.5 million tonnes, exceeding the set plan by 25%.

With its determination and creativity in management and administration, Vietsovpetro is striving to exploit nearly 2.9 million tonnes of oil and condensate gas, earn a total profit of 222 million USD, and contribute 673.4 million USD to the State budget in 2023./.

VNA