Petrovietnam exceeds January 2025 targets
Petrovietnam exceeds January 2025 targets
In January 2025, Petrovietnam surpassed its production and financial targets, maintaining stable operations during the Tết (Lunar New Year) holiday.
A PV Gas LNG pumping station. In the gas sector, PV GAS maintained 24/7 operations, ensuring uninterrupted energy supply. — Photo courtesy of PV Gas |
The company reported increases in various sectors, including a 3.4 per cent rise in urea production, a 1.6 per cent increase in oil refining, and a 4.7 per cent boost in polypropylene production, compared to December 2024.
Petrovietnam exceeded all six key goals set by board members.
Key projects made significant progress. The Long Phú 1 thermal power plant saw accelerated completion. Offshore, Vietsovpetro's team worked safely on the Kình Ngư Trắng oil field, surpassing production deadlines. The BIENDONG POC team achieved 4,500 days of safe operations by February 5 this year.
In the gas sector, PV GAS maintained 24/7 operations, ensuring uninterrupted energy supply. PV GAS Trading imported over 5,000 tonnes of LPG for the North, while the South received 47,248 tonnes, covering both Tết and post-holiday needs. PV GAS Cà Mau kept the PM3-Cà Mau gas system operational, supporting power plants and fertiliser production.
The Bình Sơn Refining and Petrochemical Company (BSR) ran Dung Quất Oil Refinery at optimal capacity.
The Nhơn Trạch 3 & 4 LNG power plant project also progressed, with Nhơn Trạch 3 successfully being ignited on January 11 and connected to the national grid at 50MW on February 5. By the end of January, it had reached 96 per cent completion, expected to start commercial operations in July this year.
Fertiliser production was strong, with PVFCCo’s Phú Mỹ plant meeting its targets. Urea production hit 75,500 tonnes and NPK fertiliser exceeded expectations with 10,000 tonnes produced. Phú Mỹ also secured impressive export orders.
Petrovietnam aims to produce around 150,000 tonnes of products in February, focusing on operational efficiency and renewable energy projects. The company is looking to achieve a 10-15 per cent increase in labour productivity and addressing project delays for continued success in 2025.
