At the meeting. — Photo courtesy of Petrovietnam Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations. This becomes especially crucial as many of Việt Nam's key oil fields are experiencing natural declines, and several member units lack the capacity for substantial investments in new mining ventures. According to Petrovietnam, the current market supply and demand conditions have exhibited several shortcomings since the beginning of the year. These include a low capacity to mobilise electricity, resulting in significantly lower gas production than planned and in comparison to previous periods. Consequently, there is an excess of gas production, which has repercussions on the targets for crude oil production. Additionally, it hampers the achievement of long-term reserve increases and planned production expansions for … [Read more...] about Petrovietnam pushes initiatives to sustain oil and gas production
Senior technical director att salary
Indonesia, Vietnam energy transition financing under JETP
JAKARTA/HANOI -- Just Energy Transition Partnership (JETP) discussions on the early retirement of coal-fired power plants in Indonesia may have hit a snag as a local official said on Monday that western countries are not ready to finance such projects. JETP, a financing scheme made up of equity investments, grants and concessionary loans from members of Group of Seven (G7), multilateral banks and private lenders, is aimed at helping developing nations accelerate their shift towards cleaner energy sources in the power sector and cut reliance on dirty fuel such as coal. South Africa was the first country to reach a deal under the JETP, securing a $8.5 billion financing pledge in 2021. Indonesia secured $20 billion and Vietnam $15.5 billion in deals struck in late 2022. Here's an update of JETP's progress in Indonesia and Vietnam. Indonesia Indonesia had planned to announce in August its investment plan for the funds pledged under JETP, but it has since delayed the … [Read more...] about Indonesia, Vietnam energy transition financing under JETP
Netherlands’ De Heus opens aquatic feed factory in Can Tho
At the opening ceremony of De Heus Vietnam's aquatic feed plant in the Mekong Delta city of Can Tho on September 26 (Photo: VNA) Can Tho (VNA) – The Dutch-based supplier of animal nutrition products De Heus freshly opened a 2.7ha aquatic feed plant in the Mekong Delta city of Can Tho on September 26. Locating at the Tra Noc II Industrial Park in O Mon district, the 18.6 million USD facility is capable of manufacturing 240,000 tonnes of high-quality feed products for tra and basa fish (Pangasius) per year. At the opening ceremony, Deputy Minister of Agriculture and Rural Development Phung Duc Tien took note of the corporation’s contributions to Vietnam’s aquaculture development. He suggested it study the use of domestically available sources of raw materials and alternative ingredients to reduce production costs and enhance efficiency. Realising Vietnam’s advantages to be among key seafood suppliers globally, De Heus is committed to developing its strategic position in … [Read more...] about Netherlands’ De Heus opens aquatic feed factory in Can Tho
Three more Vietnam military officers to join UN peacekeeping forces
At the decision hand-over ceremony. (Photo: VNA) Hanoi (VNA) – The Ministry of National Defence on September 25 handed over the State President’s decisions to three officers, who will join the UN Interim Security Force for Abyei (UNISFA) and the UN Mission in South Sudan (UNMISS). The three are Lieutenant Colonel Nguyen My Hanh, and Captain Pham Thi Mai Ngan, who will work at UNISFA , and Major Hoang Van Kien, who will go to UNMISS . Kien will fly to the UN mission on September 28, while the others are scheduled to leave Vietnam in early October, according to Colonel Pham Manh Thang, Director of the Vietnam Department of Peacekeeping Operations. Addressing the event, Senior Lieutenant General Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People's Army (VPA), asked the department to continue selecting personnel for the UN forces in line with regulations, and build a suitable roadmap to improve foreign language skills for Vietnamese peacekeepers. … [Read more...] about Three more Vietnam military officers to join UN peacekeeping forces