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Production and business situation of PVN in the first 5 months of 2019

Production and business situation of PVN in the first 5 months of 2019 - 

Information from Vietnam Oil and Gas Group (PVN) showed that, in the first 5 months the group successfully the planed targets such as: The total turnover reached 277.8 trillion VND equal to 36.9 % of the year plan, exceeding 8% of 5-month plan; the payment for the state budget was 41 trillion VND, exceeding 6.2% of 5-month plan.

It is necessary to emphasize that in the first 5 months PVN produced 563.1 thousand tons of the nitrogen fertilizer equal to 13.5% of 5-month plan.

The Investment projects of the Group and its member units were strictly controlled. The Group regularly reported to higher authorities on the progress, difficulties and obstacles to timely take measures for removing and supporting the Group to implement. The social welfare activities were implemented in accordance with commitments.

PVN expects to complete all the targets and tasks planed in the first 6 months of 2019, as: the total turnover will reach 336 trillion VND equal to 55% of the year plan and exceeding 8, 3% of the 6-month plan.

The payment for the State budget will be estimated at 49.7 trillion VND equal to 56.8% of the year plan, exceeding 7.0% of the 6-month plan.

THE OUTSTANDING ACTIVITIES RELEVANT TO PVN IN MAY:

1.In the framework of the visit of Prime Minster Nguyen Xuan Phuc to Russian Federation, Prime Minister Nguyen Xuan Phuc and Russian Prime Minister D.A. Medvedev affirmed that energy is one of the important backbones of Vietnam-Russia cooperation.

Prime Minister Nguyen Xuan Phuc visited and worked at Zarubezhneft Joint Stock Company. Prime Minister Nguyen Xuan Phuc heard reports of cooperation between Zarubezhneft Joint Stock Company and Vietnam Oil and Gas Group (Petrovietnam), as well as the cooperation and operational plans of RUSVIETPETRO and Vietsovpetro joint ventures in future

2.Under the witness of the Prime Ministers of Vietnam and the Russian Federation, in Moscow, PetroVietnam Exploration Production Corporation (PVEP) signed an Agreement for transferring Lot 09-2/9 and Memorandum of Understanding (MOU) on cooperation between PVEP and Zarubezneft Petroleum Company.

3.PVN pointed its delegation to participate and perform activities in the International Festival “ Torch” in Sochi City - Russian Federation, on the anniversary of the establishment of "Comprehensive Strategic Partnership" between Petrovietnam and Russian Gazprom Group.

4.8 young people of PVN have been cited the honor title "The good young worker" in the 10th national festival in 2019. The "Good young worker" award is a noble prize of the Ho Chi Minh Central Communist Youth Union to respect and reward the young workers having high professional skill, outstanding achievements in the works and innovative solutions applied in production to bring economic and social efficiency.

5.In Dinh Vu fiber factory has been put into operation more 2 production lines of DTY fiber, increasing the capacity of DTY fiber workshop to about 900 tons of fiber per month.

6.The Veterans Association, Vietnam Oil and Gas Union and member units of PVN continued to carry out a lot of affection and gratitude, and social welfare activities such as handing over the house "Comrade sentimental attachment” "Union heat-insulated roof" in many localities.

VietnamEnergy.vn

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