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Vietnam Energy Forum

The investment management activities of PVN have very positively evolved

 - Information from the Vietnam Oil and Gas Group (PVN) said: The investment management activities of PVN in recent times had many positive evolutions. Besides putting oil and gas fields into operation as planned, the progress schedules of the power projects (Song Hau 1 – 2x600 MW, Thai Binh 2 – 2x600 MW) were also accelerated.

Specifically, in the first 9 months of 2021, PVN has put the Su Tu Trang (White Lion) field (phase 2) into operation as planned. BK-19 project expects to be put into operation at the end of October 2021, and the BK-18A project – at the end of November 2021.

Regarding the power projects, PVN focuses all its resources to put into commercial operation the unit No1 of the Song Hau 1 thermal power project in early November 2021

PVN also informed that in September and the first 9 months of 2021, the production and business activities of the Group achieved many satisfactory results:

The crude oil production in September exceeded the plan by 15.4%, the total turnover of the group reached 44.9 thousand billion VND exceeded the plan by 11%. In the first 9 months of 2021, the crude oil production reached 8.20 million tons, exceeded the plan by 13.0%, the turnover reached 437.8 thousand billion VND, which exceeded the plan by 16%.

In the first 9 months of 2021, PVN has paid to the State budget 65.9 thousand billion VND, exceeding the plan by 5% and exceeding payment of the same period in 2020 by 17%

It is necessary to assess that, in the context that many large enterprises faced difficulties and losses, these results and contributions expressed the great efforts of the leaders, member units and nearly 60,000 employees of Vietnam Oil and Gas Group.

VER

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