ty le ca cuoc 188bet PVN and Petrolimex strengthen coordination to cope with falling oil prices
ty le ca cuoc 188bet response to the double impact of Covid-19 epidemic and sharp decline ty le ca cuoc 188bet oil prices, on 3rd April, Vietnam National Oil and Gas Group (PVN) and Vietnam National Petroleum Group (Petrolimex) organized an online meeting to discuss and exchange solutions of coordination between the two Groups ty le ca cuoc 188bet trading petroleum products.
Presiding at the meeting were Mr. Le Manh Hung, President and CEO of PetroVietnam and Mr. Pham Duc Thang, General Director of Petrolimex. Attending the meeting were leaders from the Executive Management Board, Divisions of PVN and Petrolimex.
Overview of the meeting
At the meeting, the delegates heard reports about the situation of market, production and business ty le ca cuoc 188bet the petroleum sector of the two Groups, cooperation between the two Groups ty le ca cuoc 188bet the first quarter of 2020 and expected plan for production and business ty le ca cuoc 188bet the following months. Especially, they shared information about production activities at Dung Quat Oil Refinery and Nghi Son Oil Refinery and Petrochemical Plant as well as discussed methods to cope with inventories ty le ca cuoc 188bet the two plants ty le ca cuoc 188bet the context of oversupply of petroleum market.
The meeting at PVN’s side
ty le ca cuoc 188bet the context that the domestic and world markets are volatile due to the Covid-19 epidemic and the sharp decline ty le ca cuoc 188bet oil prices, the production and business activities of petroleum products of PVN and Petrolimex have significantly been affected. However, with timely and urgent solutions and close cooperation between the two Groups, the cooperation between PVN and Petrolimex ty le ca cuoc 188bet petroleum business ty le ca cuoc 188bet the first quarter of 2020 has basically been completed, ensuring the common plan between the two sides.
Through exchanges at the meeting, PVN and Petrolimex wished to continue strengthening cooperation and information exchange between the two sides ty le ca cuoc 188bet order to respond promptly to market movements, take advantage of opportunities, seek and strengthen opportunities of cooperation between the two Groups. PVN and Petrolimex pledged to continue to perform well, ty le ca cuoc 188bet accordance with their obligations and responsibilities ty le ca cuoc 188bet cooperation between the two sides, and were willing to facilitate and share with the difficulties facing the two sides, ensuring stable production and business activities.
PVN President & CEO Le Manh Hung spoke at the meeting
PVN and Petrolimex leaders agreed ty le ca cuoc 188bet discussing and having recommendations and proposals to the competent authorities for consideration of the mechanisms and policies to remove difficulties for petroleum trading enterprises ty le ca cuoc 188bet the current difficult context.