PM Nguyen Xuan Phuc works with PetroVietnam

09:19 | 17/10/2017 Industry

Prime Minister Nguyen Xuan Phuc attended a working session with the key leaders of the Vietnam National Oil and Gas Group (PetroVietnam) in Hanoi, on October 12.

PM Nguyen Xuan Phuc speaks at the session

Speaking at the session, PM Phuc urged PetroVietnam to continue upholding its role and build on its momentum in order to maintain its standing in the national economy.

The Government leader emphasised that PetroVietnam has played an important role in the national economy over the past few decades as a leading group that has contributed significantly to the state budget.

Every one million tonne of oil contributes to 0.25% of the GDP, he noted, adding that through oil and gas cooperation, Vietnam's international relations have been extended and strengthened.

The PM also called on the group's leaders and staff to exert further efforts to overcome any challenges and difficulties and to further contribute to the national economy.

According to a report presented by the group at the session, PetroVietnam is striving to reach a total revenue of VND471 trillion, exceeding 7.4% of the annual plan, and contribute VND89 trillion to the State budget in 2017.

The group has also set a target of exploiting at least 13,28 million tonnes of crude oil this year.

Theo NDO