When Vietnam is conducting a social distancing campaign nationwide to prevent the spread of the coronavirus pandemic, several people have to work from home. The petroleum sector has to maintain operations to ensure fuel supply for business operation, production and travel demand of people.
On March 31, 2020 and April 1, 2020, PVOIL inaugurated two petroleum stations, bringing total number of operating stations in the corporation’s system to 576 stores.
In the double-whammy situation of the coronavirus pandemic spreading worldwide and the decline in oil prices due to the oil price war, PVOIL has been deploying drastic measures to prevent epidemics, ensure production, secure safety for employees.
The prices have fallen sharply since the beginning of March 2020 (down from $68.4 per barrel on December 31, 2019 to only to $22.2 on March 23, a decrease of 67.5%). Oil prices dropped due to the decreasing demands following by the impact of the pandemic and unchecked of the disease.
Preparing for the 3rd Party Congress of PetroVietnam Oil Corporation, term 2020 - 2025, Party Committee of Phu Yen Petroleum JSC held its second congress.
Employees and Youth Union members of PVOIL bought watermelons of farmers in Ninh Thuan province, who are not able sell their farm produces to foreign amid the new coronavirus epidemic fears.
Wuhan new coronavirus is spreading in over two dozen of countries and territories, causing medical mask shortage. Many drug stores are taking advantage of this situation to sell mask with much higher prices.