Deputy Prime Minister Hoang Trung Hai has suggested the Vietnam National Oil and Gas Group (PetroVietnam) and its partners increase the application of advanced science and technology in production, especially in key sectors.

This is one of the effective and sustainable solutions that help cut production costs, raise productivity, lower product and service prices, and effectively use available resources, he said at a conference and exhibition on PetroVietnam’s 40 years of integration and development that opened in Ha Noi on October 21.

The group was also urged to effectively use its scientific-technological development fund to produce the best results while paying more heed to training the staff working in science and technology-related areas.

The group is expected to create technological breakthroughs by 2025 with products of high scientific and technological contents which are eligible for export.

More importantly, it will put forth solutions to domestic and global challenges to develop the country’s oil and gas technology in a rapid and sustainable manner, he stressed.

(source: VNA)