PetroVietnam sees strong growth in Q1
In March, the company witnessed significant growth in all key production indicators, with daily oil production reaching its highest level of the year.
Updates, stories and category highlights from Petrovietnam.
In March, the company witnessed significant growth in all key production indicators, with daily oil production reaching its highest level of the year.
On 28 March 2024, the Vietnam Oil and Gas Group (Petrovietnam) and its partners held a ceremony to sign commercial agreements for the Block B - O Mon gas-to-power project chain.
On 3rd March 2024 morning in Hanoi, the Standing Government had an early spring meeting with typical state-owned enterprises. Prime Minister Pham Minh Chinh, Deputy Prime Ministers Le Minh Khai and Tran Luu Quang co-chaired the event. At the meeting, representing Vietnam National Oil and Gas Group (Petrovietnam), Mr. Le Manh Hung - Secretary of the Party Committee, Chairman of the Board of Directors, President and CEO of the Group reported to the Standing Government on the Group’s activities in recent times as well as future development orientations.
Under the MoU, the two firms will share knowledge and information on energy transition from oil and gas to renewable energy, with specific topics such as technology, supply chain, logistics, infrastructure, and technical expertise. They will also explore opportunities for cooperation in developing offshore wind power projects in Việt Nam.
On 3rd March 2024 morning in Hanoi, the Standing Government had an early spring meeting with typical state-owned enterprises. Prime Minister Pham Minh Chinh, Deputy Prime Ministers Le Minh Khai and Tran Luu Quang co-chaired the event. At the meeting, representing Vietnam National Oil and Gas Group (Petrovietnam), Mr. Le Manh Hung - Secretary of the Party Committee, Chairman of the Board of Directors, President and CEO of the Group reported to the Standing Government on the Group’s activities in recent times as well as future development orientations.
In November, although the production and business conditions continued to be difficult, the consumption market and prices of petroleum products dropped sharply, Vietnam National Oil and Gas Group (Petrovietnam) continuously achieved the production and business targets early, creating momentum to realize growth aspirations in 2023, further contribute and support to the country’s economy.
On 27th November, Petrovietnam President and CEO Le Manh Hung met and worked with Mr. Francois Perrodo - Chairman of Perenco Group.
With the role and position as the country’s leading economic group, contributing to ensuring national energy security, Vietnam National Oil and Gas Group (Petrovietnam) has constantly made efforts and implemented solutions to perform assigned tasks in 2023 in the context of many challenges to realize growth aspirations.
The Vietnam Oil and Gas Group (Petrovietnam) posted the highest revenue in October since the beginning of this year, reported its General Director Lê Mạnh Hùng at a recent monthly meeting.
On 26th October, in Hanoi, Petrovietnam Vice President Phan Tu Giang met and worked with the HSBC delegation.
On 30th October morning in Hanoi, in the presence of Prime Minister Pham Minh Chinh, Vietnam National Oil and Gas Group (Petrovietnam) and partners signed related contracts and implemented the Block B gas to power value chain project, marking an important step of the key project that has lasted nearly 20 years.
On 29th October 2023, at Cai Mep Industrial Park, Phu My town, Ba Ria - Vung Tau province, Vietnam National Oil and Gas Group (Petrovietnam) and its subsidiary Vietnam Gas Corporation (PV GAS) held the inauguration ceremony of the 1 million ton Thi Vai Liquefied Natural Gas (LNG) terminal, the largest LNG terminal in Vietnam. Prime Minister Pham Minh Chinh sent flowers of congratulations. Deputy Prime Minister Tran Luu Quang attended, gave directive speech and cut the ribbon.
On 27th October 2023, in Singapore, President and CEO Le Manh Hung attended, witnessed and spoke at the Ceremony of Granting Conditional Approval (CA) from the Government of Singapore for Vietnam's Offshore Wind Power Project to export electricity to Singapore by the Consortium of Sembcorp Utilities Ltd - SCU (under Sembcorp Industries Ltd - Singapore) and Petrovietnam Technical Services Corporation (PTSC) (a subsidiary of Vietnam National Oil and Gas Group – Petrovietnam)
On 26th October 2023, Mr. Le Manh Hung - President and CEO of Vietnam National Oil and Gas Group (Petrovietnam) met and worked with the Minister of Foreign Affairs and National Oil and Gas Company leader of Lithuania.
On 25th October, the Prime Minister issued Decision No. 1243/QD-TTg approving the “Project on restructuring Vietnam National Oil and Gas Group (PetroVietnam) until the end of 2025”
On 26th October, Vietnam Report Joint Stock Company (Vietnam Report) and VietNamNet newspaper held a ceremony to announce and honor the Top 500 most profitable enterprises of Vietnam (PROFIT500) in 2023. Vietnam National Oil and Gas Group (Petrovietnam) has the 5th consecutive year leading this list.
On 20th October in Hanoi, the General Department of Taxation - Ministry of Finance held a Conference to commend typical tax payers in the period of 2020-2022. The parent company - Vietnam National Oil and Gas Group (Petrovietnam) is a typical tax payer leading the group of service industry supporting the crude oil and natural gas production.
From 11th to 13th October 2023, Petrovietnam delegation led by Mr. Tran Binh Minh - Member of the Board of Directors participated in the work program of the Minister of Industry and Trade in the Russian Federation.
On 16th October, Vietnam National Oil and Gas Group (Petrovietnam) organized a meeting to assess the implementation of the scientific research programs in the period of 2021-2025 and the results of scientific research. The meeting was chaired by President and CEO Le Manh Hung.
On 12th October in Hanoi, Mr. Le Manh Hung - President and CEO of Vietnam National Oil and Gas Group (Petrovietnam) met and worked with Mr. Tengku Taufik - President and CEO of Malaysian National Petroleum Group (Petronas).