dang nhap 188bet Petrovietnam actively and flexibly adapts to new normal state

Attending dang nhap 188bet meeting were Mr. Hoang Quoc Vuong - Secretary of dang nhap 188bet Party Committee, Chairman of dang nhap 188bet Board of Directors of dang nhap 188bet Group; members of dang nhap 188bet Standing Party Committee, members of dang nhap 188bet Board of Directors, Vice President, Heads of Divisions/ Administration Office of dang nhap 188bet Group and heads of member units under dang nhap 188bet Group. 

In September, dang nhap 188bet Group’s production and business activities continued to face many negative impacts due to dang nhap 188bet complicated situation of dang nhap 188bet Covid-19 epidemic, dang nhap 188bet disruption of dang nhap 188bet supply chain for petroleum products, especially dang nhap 188bet widespread social distancing in many localities. In that context, Petrovietnam implemented a series of coping measures, forecast, fluctuation magement, flexibility in management, and promoted connection of links in dang nhap 188bet Group’s value chain vertically and horizontally has maximized dang nhap 188bet value of each unit and expanded dang nhap 188bet market…helped dang nhap 188bet Group respond promptly to difficulties, maintain dang nhap 188bet pace of production and business.

Overview of dang nhap 188bet meeting room of dang nhap 188bet Board of Directors

With dang nhap 188bet efforts of dang nhap 188bet whole political system, in September and dang nhap 188bet first 9 months of 2021, Petrovietnam has achieved many positive results. Specifically, crude oil production in September exceeded 15.4% of dang nhap 188bet September plan, reached 8.20 million tons in dang nhap 188bet first 9 months, and exceeded 13.0% of dang nhap 188bet 9-month plan. Total revenue of dang nhap 188bet Group in September 2021 was estimated at 44.9 trillion dong, exceeded 11% of dang nhap 188bet September plan, accummulated amount in dang nhap 188bet first 9 months of 2021 was 437.8 trillion dong, exceeded 16% of dang nhap 188bet 9-month plan. Petrovietnam has made an important contribution to dang nhap 188bet State budget by paying 65.9 trillion dong in 9 months, exceeded 5.0% of dang nhap 188bet year plan and exceeded 17% compared to dang nhap 188bet same period of 2020. In dang nhap 188bet context that many large enterprises faced difficulties and losses, dang nhap 188bet important contributions of Petrovietnam represented dang nhap 188bet great efforts of dang nhap 188bet Group’s leaders, its member units and nearly 60,000 employees. 

Online bridge points

dang nhap 188bet work of management was implemented closely with actual developments, promptly adapted to market fluctuations, and strengthened close coordination among units from upstream, midstream to downstream. It ensured optimal cash flow management at dang nhap 188bet units and did not disrupt production and supply chains. dang nhap 188bet storage of products was controlled with flexibility. Management made dang nhap 188bet most of dang nhap 188bet coordination among units in dang nhap 188bet value chain to ensure dang nhap 188bet common interests of Petrovietnam and dang nhap 188bet State.  

There have been many positive changes in dang nhap 188bet investment management. In dang nhap 188bet first 9 months of dang nhap 188bet year, Su Tu Trang (White Lion) field phase 2 has been completed and put into operation as planned. Field development projects such as BK-18A, BK-19 have been actively implemented according to dang nhap 188bet schedule (it is expected to put dang nhap 188bet BK-19 project into operation at dang nhap 188bet end of October 2021 and dang nhap 188bet BK-18A project at dang nhap 188bet end of November 2021); continued to focus all resources to soon put Song Hau 1 and Thai Binh 2 power projects into operation, in which it is expected to put Unit 1 of Song Hau 1 thermal power plant project into commercial operation in early November 2021. 

Successfully installed dang nhap 188bet BK-19

Besides production and business activities, Petrovietnam has actively participated in social security activities, supported dang nhap 188bet prevention of Covid-19 epidemic. From dang nhap 188bet beginning of 2021, dang nhap 188bet whole Group has seriously implemented solutions to prevent and control dang nhap 188bet Covid-19 epidemic; effectively implemented dang nhap 188bet “three on-site activities” production and operation model with buffer zones and connection areas. In particular, dang nhap 188bet Group has quickly and promptly implemented dang nhap 188bet strategy of vaccination combined with health care for employees. As of 30th September 2021, dang nhap 188bet whole Group has contributed 775.8 billion dong to dang nhap 188bet Covid-19 prevention and control, including 554.9 billion dong to dang nhap 188bet Vaccine Fund. Vaccination work throughout dang nhap 188bet Group has been paid special attention and urgently implemented. Up to now, most of dang nhap 188bet employees in dang nhap 188bet Group have been vaccinated at least 1 dose, with priority given to those working directly at dang nhap 188bet projects, factories…

In dang nhap 188bet first 9 months of 2021, thrift practice and wastefullness combat has reached 2,209.6 billion dong, equivalent to 80.9% of dang nhap 188bet year plan. Digital transformation has been actively implemented. Petroleum security and safety, environmental safety, labor safety, fire and explosion prevention on oil and gas works have been closely monitored and strictly implemented. Communication and corporate culture have been implemented synchronously, extensively with positive results; dang nhap 188bet Group’s brand and reputation have been increasingly enhanced, and Petrovietnam’s image has made a good impression in dang nhap 188bet public. Other tasks such as training, management and salary policy have also been focused and implemented according to dang nhap 188bet schedule. 

Oil and gas workers ensure production safety during dang nhap 188bet COVID-19 epidemic

On 9th September, Fitch Ratings, dang nhap 188bet world’s leading credit rating agency, confirmed Petrovietnam’s independent credit rating at BB+, issuer default rating (IDR) at BB with “Positive outlook”; Petrovietnam’s unsecured priority debt rating at BB. It is dang nhap 188bet third year in a row that Fitch Ratings has rated Petrovietnam’s credit rating at BB+. dang nhap 188bet positive rating from Fitch Ratings shows dang nhap 188bet recognition of Petrovietnam’s achievements over dang nhap 188bet years. 

On dang nhap 188bet basis of analyzing and evaluating dang nhap 188bet results of production and business activities in September and 9 months of 2021, dang nhap 188bet Board of Directors and heads of Divisions in each field in charge discussed, resolved difficulties and gave solutions to supporting member units in production, business and investment.

Petrovietnam President and CEO Le Manh Hung concluded dang nhap 188bet meeting

After listening to dang nhap 188bet opinions, work handling and solving by dang nhap 188bet leaders of dang nhap 188bet units, Divisions and dang nhap 188bet Vice Presidents of dang nhap 188bet Group, at dang nhap 188bet same time receiving dang nhap 188bet direction of Mr. Hoang Quoc Vuong - Secretary of dang nhap 188bet Party Committee, Chairman of dang nhap 188bet Board of Directors of dang nhap 188bet Group, President and CEO Le Manh Hung acknowledged and highly appreciated dang nhap 188bet results achieved in dang nhap 188bet first 9 months of 2021, dang nhap 188bet development orientation after dang nhap 188bet epidemic control changed from “Zero Covid” to “adapting actively, flexibly and safely to dang nhap 188bet epidemic”; noted dang nhap 188bet Group and other units to update dang nhap 188bet assessment of dang nhap 188bet situation, ready to “flexibly adapt” to dang nhap 188bet developments of dang nhap 188bet Covid-19 epidemic, thereby take solutions to overcome difficulties, expand dang nhap 188bet market, promote product consumption, seize dang nhap 188bet opportunity to recover growth. President and CEO Le Manh Hung suggested dang nhap 188bet units continue to make efforts, strive to overcome difficulties, maintain stable production and business activities, ensure safety for employees; assigned tasks for dang nhap 188bet Group’s Vice Presidents, Heads of Divisions, and leaders of member units to quickly review and handle dang nhap 188bet tasks, conclusions and instructions of dang nhap 188bet Group’s leaders on schedule. Continue to promote synchronous implementation of digital transformation throughout dang nhap 188bet Group.

dang nhap 188bet Group’s leaders also suggested dang nhap 188bet units collect opinions from dang nhap 188bet officials, employees, units, partners, and contractors involved in dang nhap 188bet Draft Petroleum Law amendment and emphasized it was dang nhap 188bet important content and basis to create a driving force for Petrovietnam’s sustainable development in dang nhap 188bet coming years.