Resolution on oil, gas sector will fuel Bà Rịa-Vũng Tàu's growth

BÀ RỊA-VŨNG TÀU – Implementationing the Politburo’s resolution on orientations for the oil and gas sector's development strategy is not only important for the sector but also creates opportunities for Bà Rịa-Vũng Tàu Province to make breakthroughs and become a growth powerhouse. He said that by implementing the Politburo’s Resolution No 41-NQ/TW, Bà Rịa-Vũng Tàu could become a growth powerhouse and a centre of the energy industry in terms of not only oil and gas but also wind power and other renewables in the future. This includes energy security safeguarding and socio-economic development while serving as an important resource for developing other sectors and ensuring defence - security. He noted that the province has obtained encouraging results in its efforts towards the resolution’s targets, including in petroleum exploration and exploitation, oil and gas processing, and power generation. They also pointed out existing problems and their causes while proposing some solutions to renewable energy development.