President hails PVN staff

Update: February, 11/2014 - 09:04
Pipe systems testing in a factory of Viet Nam National Oil and Gas Group (VPN) in southern Dong Nai Province. VPN staff members have been praised for boosting national economic development and contributing to the nation's defence. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— President Truong Tan Sang has praised more than 50,000 Viet Nam National Oil and Gas Group (PVN) staff members for boosting national economic development and contributing to the national defence.

Paying a New Year visit to PVN yesterday, the President 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 a number of areas and mobilise capital and broaden its business.

He also said PVN should focus on boosting the nation's 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, Sang asked its staff to continue to improve their work performance, while carrying out 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, last year, despite the global and domestic economic downturn, the group recorded revenues of nearly VND763 trillion (nearly $36 billion), surpassing its yearly target by 18 per cent and contributing VND195.4 trillion ($9.18 billion) to the state budget.

In 2014, PVN will strive for processing 16.8 million tonnes of crude oil and 9.8 billion cubic metres of gas. It is also targeting VND673.3 trillion (nearly $32 billion) in revenues, said the report. — VNS