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Vietnam Energy Forum
PVN adjusted the budget for oil and gas investment in 2020

PVN adjusted the budget for oil and gas investment in 2020

In response to the 'double impact' caused by the Covid-19 epidemic and the sharp decline in oil prices, the Vietnam Oil and Gas Group (PVN) has proactively made the plans to adjust the Program of the action and budget of oil and gas projects in 2020 corresponding with the oil price scenarios to timely cope with complicated market development.
Suffering "double impact", the financial targets of  PVN could not be achieved as planned

Suffering "double impact", the financial targets of PVN could not be achieved as planned

The Vietnam Oil and Gas Group (PVN) informed that its financial targets in the first quarter of 2020 could not reach as planned because of “double impact” from Covid-19 pandemic and low oil prices.