PM stresses the need to ensure energy self-sufficiency
It is a must to ensure energy self-sufficiency and balance in any circumstances, meeting energy demand in production, business, national defence and security, and other activities, Prime Minister Pham Minh Chinh said while chairing a working session with the Vietnam Oil and Gas Group (PetroVietnam) in Hanoi on March 16.
Hanoi (VNA) – It is a must to ensure energyself-sufficiency and balance in any circumstances, meeting energy demand inproduction, business, national defence and security, and other activities,Prime Minister Pham Minh Chinh said while chairing a working session with theVietnam Oil and Gas Group (PetroVietnam) in Hanoi on March 16.
The PM commended the group’s performance andshared its difficulties in operation, pledging that the Government will worktogether with ministries, agencies and the group to address them.
Given complex and unpredictable developments of thegeo-political and geo-economic situation, and fierce strategic competitions,which have impacted the oil and gas industry, PetroVietnam needs to quicklyadapt to the situation and flexibly settle issues, he stressed.
Chinh asked the group to step up exploitation, makethe best use of advantages to overcome challenges, consolidate the energydevelopment strategy and another on the oil and gas sector’s development, andsketch out scenarios for unexpected issues.
PetroVietnam should select suitable partners andinvest in the areas of its strength, he suggested, urging the group to focus onhandling problems relating to the Nghi Son Oil Refinery.
The PM also asked PetroVietnam to actively participatein building the Power Development Plan VIII, with national interests the toppriority.
It was reported at the meeting that last year,PetroVietnam’s total revenue was over 627 trillion VND (27.4 billion USD),surpassing the set target by 28 percent, and its budget contribution exceeded112 trillion VND, surpassing the yearly plan by 89 percent.
In the first two months of this year, the group pumpednearly 1.8 million tonnes of crude oil, exceeding the target by 24 percent./.
The Vietnam Oil and Gas Group (PetroVietnam)’s oil exploitation output in the first month of 2022 reached 0.93 million tonnes, exceeding its set target by 24.2 percent.
The PetroVietnam Exploration Production Corporation (PVEP) plans to produce an estimated 0.23 million tonnes of oil equivalent, including 0.18 million tonnes of oil and condensate and 54 million cu.m of gas, this month.
The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil output reached 1.78 million tonnes in the first two months of this year, surpassing the set target by 24 percent.
Chairman of the National Assembly Vuong Dinh Hue has welcomed the interest of foreign investors, including Japan's Erex Co Ltd, in clean energy development in Vietnam.
National Assembly Chairman Vuong Dinh Hue on March 16 suggested the Government set out clear scenarios to ensure energy safety and security, as well as fuel supply and demand in any circumstances.
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Prime Minister Pham Minh Chinh (Photo: VNA) 
