At 23:00 on November 19, 2021, the Vietnam Oil and Gas Group (Petrovietnam) completed the target of 7.99 million tons of oil of the domestic production output plan in 2021, reaching the finish line 42 days ahead of schedule.
In the first ten months of 2021, despite many difficulties due to the Covid-19 outbreak leading to social distancing and disruption of the supply chain of supplies and equipment, with the direction of the Party Committee and leaders of Petrovietnam, all employees of the Group and the contractors/mine operators have made great efforts to achieve high achievements and complete the assigned tasks.
The early completion of the domestic oil production plan is an excellent effort of Petrovietnam in the face of the decline in natural output of existing oil and gas fields after a long period of exploitation and investment and the development of new areas. They encountered many problems with the mechanism. With the increased application of scientific, technical, and technological solutions to improve oil recovery, Petrovietnam's engineers and employees have tried their best to achieve production output to the maximum in terms of technical safety allowed to take advantage of market opportunities during the period of favorable oil prices to protect revenue sources and make the highest contribution to the state budget.
That result has helped Petrovietnam make an essential contribution to the national budget. In the many difficulties of the first 10 months of 2021, Petrovietnam paid a very high rate to the state budget, reaching VND 75.4 trillion, exceeding 21% of the 2021 plan and 23% over the same period in 2020. In the context of many large enterprises facing difficulties and losses under the severe impact of the Covid -19 pandemic, the critical contributions of Petrovietnam are the enthusiasm and hearts of nearly 60,000 Oil and Gas employees; show affection and responsibility to the country in the current difficult period.
This has significantly impacted Petrovietnam, continuing to write a golden history page with the glorious mission of "finding oil to enrich the country ." Celebrating the 60th anniversary of the traditional day of Vietnam's Oil and Gas Industry. November 27, 1961 – November 27, 2021.
