State-owned coal, oil producers urged to response to COVID-19
The Ministry of Industry and Trade has requested state-owned coal and oil-gas producers to develop plans and measures to response to impact of the acute respiratory disease caused by a new coronavirus (COVID-19) outbreak.
Coal mining dumps of Cua Ong Coal Selection Company, a member of Vietnam National Coal-Mineral Industries Holding Corporation Limited (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade has requested state-owned coal and oil-gasproducers to develop plans and measures to response to impact of the acute respiratory disease caused by a new coronavirus (COVID-19) outbreak.
The ministry asked the Vietnam National Coal – MineralIndustries Holding Corporation Limited (Vinacomin) and the military-run DongBac Corporation to get ready for the negative impact of the epidemic, sayingthey must prepare sufficient personnel, equipment and supplies for coalproduction and distribution, and to ensure stable supply for their customers,especially power producers.
It also ordered the Vietnam Oil and Gas Group (PetroVietnam)to keep a close watch on the global market developments and take propermeasures to cope with falling crude oil prices as a result of theepidemic.
After theepidemic began spreading, the Brent crude oil price plunged from around 65 USDper barrel to 57 USD per barrel on February 17, lower than the assumption of 60USD per barrel in the State budget estimate for this year.
The threecompanies must also speed up their key coal and oil production projects andimmediately report any major difficulties and bottlenecks to authorisedrepresentatives of the State capital ownership to get timely directions.
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Coal mining dumps of Cua Ong Coal Selection Company, a member of Vietnam National Coal-Mineral Industries Holding Corporation Limited (Photo: VNA) 
