Slated for launch in 5-7 March 2019, Oil & Gas Tech Asia 2019 is the only specialized trade show in Ho Chi Minh City to showcase the latest technology in both upstream and downstream of the Oil & Gas Industry.
With the support of the local government, the oil and gas industry in Vietnam is set to accelerate in line with the vision set by its Prime Minister from 2017 to 2020. With the continuation of PetroVietnam’s divestment at a subsidiary level, PVN managed to surpass all business production targets in 2017. The domestic yield of crude oil was 1.29 million tonnes beyond the annual target, and its contribution to the State budget exceeded VNĐ22.9 trillion (US$1 billion), significantly contributing to the national gross domestic product growth.
The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set targets for 2018 that include pumping 4 million tonnes of oil and condensate and 126.5 million cubic meters of natural gas. The joint venture seeks to generate US$1.55 billion in revenue, and profits for Vietnam are expected to reach $115 million, along with nearly $111 million for Russia. In 2017, the company pumped 4.73 million tonnes of oil and condensate and 234 million cubic meters of natural gas, or 95% and 124% of the early plan, respectively. It earned revenues of $1.97 billion, 3.5% higher than the yearly goal.
With such lucrative gains, companies are seeking ways to enter the local market and be part of the growing industry; this is where we come in. Oil & Gas Tech Asia 2019 seeks to offer a holistic business experience by combining exhibition, conferences and seminars, and a host of networking sessions that connects quality buyers to Oil & Gas suppliers.
For more information or to book a stand, please visit our website.
