PM asks PetroVietnam to enhance business efficiency

Prime Minister Nguyen Xuan Phuc highly appreciates the results of PetroVietnam in 2017. — VNA/VNS Photo Thong Nhat Prime Minister Nguyen Xuan Phuc on Wednesday asked the National Oil and Gas Group (PetroVietnam) to enhance its business efficiency and contribute to ensuring energy security and asserting national sovereignty. Phuc was speaking at a ceremony where the decision to appoint Tran Sy Thanh, former secretary of the Lang Son Province Party Committee, as the new chairman of the PetroVietnam Members’ Council was announced Phuc urged PetroVietnam to strive to fulfill its socio-economic development tasks following the country and the group’s oil and gas development strategy to 2025 with a vision to 2030, stressing its significant contribution to the socio-economic development. PetroVietnam should closely watch developments on the East Sea and enhance cooperation in implementing offshore oil and gas projects on the continent shelf of Viet Nam, Phuc said. He also asked the group to hasten restructuring following the approved plan for the 2017-20 period. Accordingly, the restructuring plan must be submitted to the Government within the first quarter of this year. Focus should also be on hastening major national projects such as Blue Whale gas project, Nghi Son Oil Refinery, Dung Quat Oil Refinery, along with power projects, he added. In addition, problems at its five loss-making projects must be handled thoroughly, including Dinh Vu polyester plant, Dung Quat shipyard and three bio-fuel plants. The Prime Minister highly appreciated the higher-than-target results of PetroVietnam in 2017. The group’s oil production output…

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