Oil and gas group reports favorable results in northern city

06:15 | 18/09/2020 Companies

(VEN) - On August 27, General Director of Vietnam Oil and Gas Group (PVN) Le Manh Hung led the group’s delegation to inspect the production and business operation of member units, especially the Vietnam Gas Corporation (PV GAS) in Hai Phong City.

oil and gas group reports favorable results in northern city
oil and gas group reports favorable results in northern city

The meeting was attended by PVN Deputy General Directors Le Xuan Huyen and Do Chi Thanh and representatives of the group’s specialized departments; PV GAS General Director Duong Manh Son; PV GAS Deputy General Director cum Director of PV Gas’ Hai Phong Branch (KHP) Hoang Van Quang; Deputy General Director of the PetroVietnam Oil Corporation (PV OIL) Nguyen Dang Trinh. Also attending were General Director of Vietnam Petrochemical and Textile Fiber Joint Stock Company (VNPOLY) Tran Huy Thu; Deputy General Director of VNPOLY Pham Khac Toan; and leading representatives of departments/divisions of PV GAS and PVOIL in the northern port city.

Representatives of VNPOLY, PV GAS, PVOIL and other units reported on their operations in the first eight months of 2020 and the coordination among units in Hai Phong, and proposed recommendations to facilitate their work.

The PV GAS representative said the company currently has two affiliated units, KHP and PV Gas Trading (KDK), and one member unit - Petro Vietnam LPG Joint Stock Company Vietnam (LPG Vietnam) operating in Hai Phong. During the first eight months, KHP operated the pipeline system, gas distribution center in Thai Binh and the LPG warehouse in Hai Phong without disruption, and coordinated well with the Gas Dispatch Center, customers, and mine owners to meet customer gas requirements. It also coordinated with KDK to prepare for the operation of KDK's facilities in the northern region.

KDK’s total LPG consumption in the first eight months was estimated at 1.25 million tonnes, equivalent to 86 percent of the year’s plan, with domestic consumption estimated at 970,000 tonnes, or about 90 percent of the year’s plan. In the northern market, KDK's LPG consumption during that period was about 374,000 tonnes (on average 46,750 tonnes a month), accounting for 57 percent of market share, up from last year’s 22 percent market share. The international trading volume was estimated at 280,000 tonnes, equal to about 74 percent of the year’s plan.

Greater cooperation urged

oil and gas group reports favorable results in northern city

In Hai Phong City, LPG Vietnam has major warehouses for the northern region with an average monthly LPG output of 8,000-15,000 tonnes imported from the Dung Quat Oil Refinery, from the KDK's Thi Vai cold LPG warehouse or from international sources. The total LPG output supplied via warehouses in the city (including Dinh Vu and So Dau LPG warehouses) in the eight months was 85,048 tonnes, supplying large industrial consumers in Hai Phong such as Saigobaint, LG Inotek, Bridgeston, and Daesun VINA. LPG’s retail business is conducted through seven official agents and distributors and direct customers, with retail LPG volume in Hai Phong City in the first half of 2020 recording 1,702 tonnes.

PV GAS units in Hai Phong maintained technical safety management systems in accordance with current regulations and specific standards of the oil and gas industry, ensuring safe and quality production and business activities and avoiding accidents. They also adhered to the regulations on Covid-19 prevention and control, ensuring employee safety.

oil and gas group reports favorable results in northern city

PVN General Director Le Manh Hung praised the production results and business activities of VNPOLY, PV GAS, and PVOIL in the first eight months of the year. Hung assigned the Deputy General Directors and heads of professional departments to work out a plan to evaluate, research and develop socioeconomic and market development in the northern region in line with the potential of member units, especially in provinces and cities like Hai Phong, Quang Ninh and Thai Binh. The group and its member units were also urged to tighten cooperation with localities to link the group's development strategy to the local development strategies; make the best use of existing infrastructure as well as participate in effective energy infrastructure development, in accordance with local development needs.

General Director Hung emphasized that cooperation and support among the member units is one of the strategic steps to achieve the group’s sustainable development.

Ngan Vu