Celebrating the 49th Anniversary of the Establishment of Vietnam Oil and Gas Group (September 3, 1975 - September 3, 2024)
Petrovietnam creates value, accompanies the country's development
09:20 |
09/03/2024
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Nearly half a century of construction and growth, Vietnam National Oil and Gas Group (Petrovietnam) has gradually developed, creating great values, accompanying the development of the country.
After the country was unified, on September 3, 1975, the General Department of Oil and Gas of Vietnam (the predecessor of Petrovietnam) was established. Since that special day, the Oil and Gas industry has entered a new page, opening the way for the construction and development of Petrovietnam to become a pillar economic group, accompanying the country's development over the past half century.
The birth of Petrovietnam not only realized the wish of President Ho Chi Minh during his lifetime of "building a strong Oil and Gas industry" but also the belief of generations of Party and State leaders and the Vietnamese people themselves in an economic sector that could be the "locomotive" of the country in new stages of development.
Since its inception, Petrovietnam has gone from “nothing” to “something”, mastering the most advanced science and technology, building a complete and synchronous oil and gas industry system, from searching, exploring, and exploiting oil and gas to developing the gas - electricity - processing industry and high-quality oil and gas services; forming a team of nearly 60,000 highly qualified workers, with a sense of responsibility, discipline, professionalism, creativity, truly mastering the modern and complex science and technology of the industry and reaching out to the world.
Petrovietnam creates value, accompanies the country's development
Since discovering oil from Bach Ho field in 1986, Petrovietnam has exploited a total of more than 650 million tons of oil equivalent. The drops of “black gold” from the ground have helped Vietnam overcome the extremely difficult and challenging early stages of the Doi Moi period. These are values that have both material and spiritual significance for the country during the period when Vietnam was under siege, embargo, and socio-economic crisis. Oil and gas exploration and exploitation activities on the continental shelf have also made an important contribution to protecting national sovereignty at sea.
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 energy and fertilizer needs of the whole country. Projects such as Dung Quat Oil Refinery, Ca Mau Gas - Power - Fertilizer Complex... are still operating very effectively not only in terms of economy but also making great contributions to the socio-economic development of the country in general and each region and locality where the project is in operation. These regional-scale projects are clear evidence of the qualifications and capacity of Vietnamese oil and gas officials and engineers, and are an important premise to promote the export of oil and gas services abroad.
Petrovietnam is also a pioneering economic group in international cooperation and expanding investment abroad. Up to now, the Group has been implementing oil and gas activities in many countries around the world, building a prestigious brand domestically and internationally with a level of science and technology similar to that of developed countries, with a large scale and high competitiveness, being the Vietnamese enterprise with the deepest international integration, having a team of highly skilled and specialized scientific and technical staff and technical workers, constantly growing in both quality and quantity.
In addition to ensuring safety in exploiting the country's precious oil and gas resources, Petrovietnam's key products such as crude oil, gasoline, natural gas, liquefied petroleum gas, electricity, fertilizer, etc. are essential products, participating in all activities of the country's life with a large proportion, contributing significantly to the stability and socio-economic development of the country. In particular, Petrovietnam ensures the supply of 75% of gasoline, 90% of gas, over 10% of electricity for domestic demand. At the same time, it ensures food security through the supply of 70% of fertilizer. Petrovietnam also ensures economic security, plays a leading role, leads and creates development momentum, makes a great contribution to the state budget and GDP growth, contributing to ensuring the security and sovereignty of the sea and islands of the Fatherland. In particular, Petrovietnam is the only non-financial enterprise in Vietnam with assets of over 1 million billion VND; equity of over VND530 trillion (USD23 billion). Petrovietnam has been continuously rated BB+ by Fitch Ratings, the world's leading credit rating agency, accurately reflecting the Group's strong business and financial situation.
With its potential and capabilities, in the new development trend of the energy industry, Petrovietnam is also a pioneering enterprise in investing, developing, exploiting and using new forms of energy and renewable energy in the future such as: hydrogen, ammonia, offshore wind power...
Along with the economic and scientific and technological values that the Oil and Gas industry and Petrovietnam contribute to the country, Petrovietnam's cultural values are also spread to the community through social security activities. This is one of the important contents in the long-term and sustainable development strategy, the responsibility and affection of Oil and Gas workers towards the community and society. Every year, Petrovietnam maintains contributions of hundreds of billions of VND, contributing to changing poor rural areas, not only bringing happiness to many unfortunate lives but also contributing to stabilizing the socio-economy of many localities across the country. In the first 7 months of 2024 alone, Petrovietnam has implemented many meaningful, practical and timely social security activities to support people in storm and flood areas (Son La, Dien Bien ...), build Great Unity houses for the poor, support educational and training programs and projects, health care ... with a total value of nearly 500 billion VND.
The values that Petrovietnam has contributed to the country, the community, and society have received worthy evaluation and recognition. Recently, Petrovietnam was honored as the leading enterprise in the list of Top 500 Value-Creating Enterprises in Vietnam 2024.
In the coming time, Petrovietnam is aiming and determined to build and develop the Group to become the leading national Industrial - Energy Group in the country, with high competitiveness in the region and internationally; playing a core, main force, and leading role, with strong financial potential and advanced scientific level; having high competitiveness, successfully implementing the development strategy of the Oil and Gas industry. This is also the "aspiration" of the collective "fire seekers" who have always been aiming for throughout the past journey, which is to constantly develop, not afraid of difficulties, constantly strive, always create new values for a powerful Vietnam, standing shoulder to shoulder with the world powers.
Khanh An
Source: https://www.pvn.vn/chuyen-muc/tap-doan/tin/26588a36-74c0-456e-b31f-9ecb4507c43b
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