2023-09-05 11:32:48
After 48 years of construction and growth (September 3, 1975 – September 3, 2023), Petrovietnam has made remarkable and comprehensive development steps in both scale and depth, completing synchronously from the stage of search to oil and gas exploration and production, to gas industry, refining and petrochemical, electricity and renewable energy, high quality petroleum technical services.
Realizing the dream of a strong oil and gas industry
Workers on an oil rig. 1975 was a special year in the nation’s history. That was the year the country was completely unified after the long war of resistance against the US for national salvation, opening a new period in the history of the Vietnamese nation. 1975 was also a great year in the history of Vietnam’s oil and gas industry, when the Party and Government were determined to realize Uncle Ho’s wish with the long journey to find fire in the ground that the whole nation expected to develop. country economy.
Immediately after the unification of the country, on September 3, 1975, the General Department of Petroleum and Gas of Vietnam (the predecessor of the Vietnam National Oil and Gas Group) was established. For nearly half a century, the Vietnam National Oil and Gas Group has gone from “no” to “yes”, mastered the most advanced science and technology, built a complete and synchronous oil and gas industry system. .
Overcoming difficulties, developing together with the country
Accompanying the country in the renovation process, Vietnam’s oil and gas industry has constantly grown, playing a very important role in ensuring energy security, increasing export turnover, generating foreign currency revenue, contribute to the state budget, promote economic restructuring towards industrialization – modernization. Thereby contributing to bringing our country out of crisis and underdevelopment, becoming a middle-income country in the world. Oil and gas exploration and production activities on the continental shelf have also played an important role in protecting national sovereignty at sea.
From 1986 to 2022, Petrovietnam’s total revenue reached over 400 billion USD. From 2015 up to now, in the context of unpredictable world economic fluctuations and despite many difficulties and challenges, Petrovietnam still contributes about 10% of total state budget revenue (of which from crude oil is 5- 5 percent). 6%), 10-13% of the country’s GDP.
From 2019 to now is the period when Petrovietnam has to face unprecedented difficulties and challenges in the development history of the oil and gas industry. The world oil and gas industry fell into a serious crisis, causing oil prices to drop to prolonged lows, especially at a time when oil prices dropped to negative levels (-37 USD/barrel) at the end of 2019. The situation in the East Sea was complicated. The trade war, climate change, and the crisis caused by the Covid-19 pandemic have directly impacted all aspects of Petrovietnam’s operations. Besides, the state management of oil and gas, policies to support the oil and gas industry began to reveal many inadequacies and inconsistencies…
However, with the spirit of market demand, resilience, solidarity and the will to overcome difficulties, oil and gas employees and workers have always made unceasing efforts to overcome difficulties and successfully complete the targets. production and business plan. In 2020, Petrovietnam firmly overcomes the “double crisis” caused by the epidemic and the deep drop in oil prices. In 2021, growth will recover. Thanks to the flexible application of many business and risk management solutions, in 2022, Petrovietnam has reached a record when reaching the revenue milestone of more than 930 trillion dong, paying 170.6 trillion dong to the state budget, equaling 9.6 % of total state budget revenue.
2022 is also the third year that Petrovietnam’s “Volatile Management” work has achieved impressive results. This is an important factor that comprehensively determines the results of production and business activities. Petrovietnam has successfully implemented solutions to cope with geopolitical – economic fluctuations and has achieved many important records.
Ensuring energy security is identified as a cross-cutting goal in the national energy development strategy. That important role is shown through the key thermal power projects that Petrovietnam has just put into operation such as Song Hau 1 Thermal Power Plant, Thai Binh 2 Thermal Power Plant. Ensuring one of the five major balances of the economy, contributing to bringing the economy to a higher level. Vietnam has become the leading country in ASEAN in providing electricity, serving enough electricity for production and consumption.
Accompanying the country in the growth goal, in the field of electricity production, the total installed capacity of Petrovietnam’s power plants accounts for more than 7% of the total installed capacity and accounts for about 10% of the total electricity generated in the whole country. national power system. That result firmly affirms the role and position of Petrovietnam as the second largest electricity producer in Vietnam.
In the context of high gasoline prices and scarce world supply of petroleum, the building and management of linkages in the oil and gas industry is even more meaningful in ensuring energy security. Dung Quat Oil Refinery Plant, under the coordination and support of Petrovietnam’s units from the beginning to the end, always ensures a sufficient supply of crude oil for continuous, safe and efficient operation at 100 – 110% of the capacity. capacity, meeting over 30% of domestic petroleum demand.
Become a National Energy Industry Corporation
After 48 years since its establishment, Petrovietnam has become a large economic group with total consolidated assets of nearly 43 billion USD, consolidated equity of 22.5 billion USD, in the period 2016-2022, total assets increased by 3.9%, with a team of more than 50,000 employees working creatively in the fields of the oil and gas value chain; making important contributions to the cause of industrialization and modernization of the country; contribute to ensuring energy security, food security; making great contributions to the state budget revenue and socio-economic development of the country; taking the lead in international economic integration, actively contributing to the defense of the country’s sovereignty over sea and islands.
Overcoming all difficulties, Petrovietnam successfully performed the tasks assigned by the State, identified the goals and core values to build and develop Petrovietnam in the future. That is to build and develop the Vietnam National Oil and Gas Group into a leading energy industry group in the country and in the region; has a pivotal position and role in ensuring national energy security.
With important contributions to the economy and national budget, contributing to ensuring the energy supply for the country, actively participating in stabilizing the electricity, gas, petrol and fertilizer markets with the original version. As the leader of the “fire seekers”, oil and gas workers will continue to stand firm, carrying out their mission of contributing to ensuring energy security, economic security, food security for the country, protecting the country’s sovereignty and environmental protection. sea and island security, always putting the interests of the nation and nation first.
#Petrovietnam #years #development #country