President hails oil group's performance
President Truong Tan Sang has praised Vietnam National Oil and Gas Group (PVN) efforts in fuelling national economy and contributing to fulfilling national defence and external relations tasks.
Paying a lunar New Year visit to the group on February 10, Sang said after 40 years of operation, the group has rightfully sealed its position as the country’s top business, with US$35 billion in capital and expanding cooperation with international partners.
He urged PVN to step up the equitisation of its affiliates to mobilise capital and broaden its business.
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He said the firm should focus on boosting maritime economy, completing the key refinery projects of Nghi Son in the central province of Thanh Hoa , Dung Quat in the central province of Quang Ngai and Long Son in the southern province of Ba Ria-Vung Tau .
Wishing PVN a good Year of the Horse, the President asked its staff to enhance their capacity, while continuing the implementation of the Party Central Committee’s resolution on Party building and the Politburo’s directive on studying and following the moral example of President Ho Chi Minh.
According to a PVN report, despite the global and domestic economic downturn last year, the group recorded revenue of nearly VND763 trillion (US$35.86 billion), surpassing its yearly target by 18% and contributing VND195.4 trillion (US$9.18 billion) to the state budget.
In 2014, PVN will strive for 16.8 million tonnes of crude oil and 9.8 billion cubic metres of gas. It is also targeting VND673.3 trillion (US$31.64 billion) in revenue in the whole year, said the report.