#Petrovietnam #EP #NangLuong #BSR #PVEP #DungQuat #DauKhi #AnNinhNangLuong #PVN #BaoDamNangLuong #NangLuongQuocGia #KinhTeVietNam
If one day the Strait of Hormuz is completely blocked, will Vietnam have the capacity to protect its own sources of petroleum and electricity?
While the world is shaken by geopolitical conflicts, violent oil price fluctuations and the risk of disruption in the global energy supply chain, Petrovietnam is quietly creating a "strategic line of defense" with its own E&P sector, which means oil and gas exploration and exploitation.
It is worth noting that while many Asian countries are increasingly dependent on imported oil, Vietnam has recorded the strongest growth in crude oil exploitation in recent years.
The numbers show that E&P is becoming a "strategic weapon"
Outcome Index
Crude oil growth in the first 4 months of 2026 +14.3%
Output in the first quarter of 2026 is 2.63 million tons
Domestic mining growth +12%
Uptime of oil and gas projects Over 99.6%
Factory operating capacity 106-120%
Reserve compensation coefficient is 1.09 times
The 14.3% figure is not just simple output growth. It reflects the ability to maintain the "energy source" for the economy during a period of extreme global instability.
As the Middle East war increases the risk of disruption to the Strait of Hormuz, oil prices can fluctuate in just a few hours. In that context, maintaining domestic crude oil sources for Dung Quat Oil Refinery is vital.
Why Dung Quat quanimportant to Vietnam
Impact Role
Domestic petroleum supply Reduces import pressure
Stabilize fuel prices Support inflation control
Ensuring the logistics chain Limits transport disruptions
Support the petrochemical industry Keep production stable
The special point is that Petrovietnam not only increases exploitation by opening new mines, but also "revives" mature mines with technology.
Dr. Bui Trong Vinh said that by just increasing the recovery factor by a few percent, the amount of additional oil recovered can be equivalent to discovering a new field but at a much lower cost.
This is the strategy that large oil and gas corporations such as Saudi Aramco or ADNOC are also pursuing to extend the life cycle of oil fields.
Compare regional energy autonomy positions
Country Level of dependence on imported oil
Singapore Very high
Philippines Cao
Thailand Cao
Vietnam is improving strongly
Not only crude oil, natural gas is also becoming the "backbone" for the national electricity system ⚡
Domestically exploited gas sources help reduce the pressure to import LNG at extremely high costs. In the context of strong electricity demand in the period 2026-2035, proactive gas sources are considered a key factor in stabilizing economic growth.
E&P projects are accelerating
Project Status
Nam Du Lo 46/07 Signed the implementation document
U Minh Lo 51 Expanded and developed
Dai Hung Nam Achieved important progress
PV DRILLING IX Ready for commercial operation
What attracts the most attention from experts is that 2025 will mark the first time Petrovietnam crude oil production will reverse growth after 11 years of continuous decline.
Here it isconsidered a huge turning point for Vietnam's energy industry.
While many Asian countries are racing to import LNG and crude oil at increasingly expensive costs, Vietnam is building an "energy shield" with exploitation technology, optimizing oil fields and expanding domestic reserves.
Role of main units
Outstanding Achievement Unit
PVEP 1.08 million tons of oil equivalent in the first quarter of 2026
Vietsovpetro 770 thousand tons of condensate oil
PV Drilling Restarting PV DRILLING IX
BSR Maintains Record Refining Capacity
Many experts believe that in the future, global competition will no longer be about who has more oil, but who can maintain energy independence longer.
A country that cannot control its energy sources will find it very difficult to stabilize its economy, industrial production and logistics chain when a crisis occurs.
Petrovietnam currently not only plays the role of an economic corporation, but is gradually becoming a "shield for national stability" in a period of increasingly fierce global energy competition.
⚡ If world oil prices shock to over 150 USD/barrel in the next few months, do you think Vietnam is strong enough to withstand it?
#Petrovietnam #PVN #EP #BSR #PVEP #DungQuat #DauKhi #NangLuong #AnNinhNangLuong #BaoDamNangLuong #TuChuNangLuong #KinhTeVietNam #Vietsovpetro #PVDrilling
