With its development steps, the Vietnam Oil and Gas Group (Petrovietnam) has made a great contribution to ensuring energy security, economic security, food security, national defense security and social security for the country.
From the initial position of both employees and apprentices, Vietnamese Oil and Gas workers have been persistent and constantly learning to master the most advanced exploration and exploitation technologies, achieving great technical achievements, changing the knowledge about the geological structure of oil fields in the world.
Vietnam's oil and gas industry, with Petrovietnam as its core, has successfully built a complete, synchronous, and closed chain from exploration, exploitation, to storage, transportation, and deep processing.
Currently, Petrovietnam's domestic crude oil production output averages 7.5-8.5 million tons/year; gas output reaches 6-8 billion m3/year. Every year, Petrovietnam supplies over 13.5 million tons of various types of gasoline and oil, meeting about 70% of domestic gasoline and oil demand; supplies 1.8 million petrochemical products; supplies 1.6-1.7 million tons of nitrogen fertilizer, meeting 70-80% of domestic nitrogen fertilizer demand (about 2 million tons/year).
Petrovietnam is commercially operating 9 power plants with a total capacity of 6,600 MW, equivalent to 8.5% of the total installed capacity of the national power system.
Petrovietnam's main products such as crude oil, gasoline, natural gas, liquefied petroleum gas, electricity, fertilizer... have participated in all activities of the country's life with a large proportion, contributing significantly to the stability and development of the economy and society.
With the synchronous development of the oil and gas industrial chain, Petrovietnam has become the core and nucleus in the formation of concentrated industrial zones in: Ba Ria - Vung Tau, Dong Nai - Hiep Phuoc, Ca Mau, Dung Quat - Quang Ngai, Vung Ang - Ha Tinh, Nghi Son - Thanh Hoa...
This synchronous investment has fundamentally changed the economic structure, bringing in large revenues for the national budget, basically meeting the country's energy and fertilizer needs. Projects such as Dung Quat Oil Refinery, Ca Mau Gas - Power - Fertilizer Complex... operate effectively, making great contributions to the overall socio-economic development of the country and each region and locality where the project is in operation.
During its operation, along with promoting production and business development, social security work is always of interest and focus to Petrovietnam and its member units.
To achieve these great achievements, Petrovietnam has regularly updated and applied advanced, modern technology, approaching world-class standards in its operations; researched and developed new products and services; sought investment opportunities in potential new projects; improved techniques, converted existing factories and works to optimize capacity, improve quality and diversify products, goods and services, helping to reduce costs and enhance competitiveness.
The system of affiliated and member enterprises of Petrovietnam are all known as enterprises with strong potential, effective operations, leading positions in industries and fields of the country's economy.
