Promoting Vietnam - Cuba energy cooperation

On April 26, a delegation of leaders, managers and officials of the Communist Party of Cuba led by Ms. Deivy Pérez Martin, member of the Central Committee, First Secretary of Sancti Spiritus Province, had a working session with the Vietnam National Industry and Energy Group (Petrovietnam)/Vietnam Oil and Gas Technical Services Corporation (PTSC). Attending and chairing the meeting was Mr. Tran Quang Dung, Permanent Deputy Secretary of the Petrovietnam Party Committee. Speaking at the meeting, Mr. Tran Quang Dung shared that after more than half a century of formation and development, Petrovietnam has built a synchronous oil and gas industry nationwide, while expanding its operations to many countries and territories.

Việt Nam•30/04/2025

Mr. Tran Quang Dung, Standing Deputy Secretary of Petrovietnam Party Committee, spoke at the meeting.

With high efficiency in production and business, Petrovietnam has fulfilled its role well with the five words "An": Ensuring energy security, food security, economic security, national defense security and social security. Mr. Tran Quang Dung also informed that on April 9, the Prime Minister officially decided to change the name of Vietnam Oil and Gas Group to Vietnam National Industry and Energy Group. This transformation reflects the strategic shift from an oil and gas group to a new three-pillar structure: Energy industry with oil and gas as the core, while expanding to new energy and renewable energy; Industry as the foundation for development and Oil and gas technical services as the spearhead in the current and future strategy.

“With a three-pillar orientation, Petrovietnam has established a new development strategy until 2035, with a vision to 2050, aiming to become a pillar corporation of the country’s economy, affirming its position in the region and the world ,” Mr. Tran Quang Dung emphasized. Sharing Cuba’s current difficulties, especially in the energy sector, Mr. Tran Quang Dung affirmed that Petrovietnam is ready to accompany Cuba, promoting cooperation to support sustainable socio-economic recovery and development.

Mr. Le Chien Thang, Deputy General Director of PTSC spoke at the meeting.

PTSC representative, Mr. Le Chien Thang - Deputy General Director, also introduced that PTSC is currently the leading unit in Vietnam in providing oil and gas and industrial technical services, with a prestigious brand in the region. After more than 30 years of development, PTSC has expanded its operations to more than 10 countries and territories, with a workforce of about 10,000 people and 23 branches in Vietnam, Malaysia, Singapore and the Middle East. Responding to Petrovietnam's green development strategy, in 2024, PTSC has actively participated in the field of renewable energy, especially offshore wind power - a field that makes optimal use of PTSC's experience, infrastructure and available facilities. At the meeting, the two sides had in-depth discussions on the advantages, challenges and experiences in the energy sector, contributing to strengthening the special friendship and comprehensive cooperation between the two Parties, two States and peoples of Vietnam and Cuba in general, as well as between Petrovietnam and Cuban partners in particular.

Ms. Deivy Pérez Martin speaks at the meeting

On behalf of the Cuban delegation, Ms. Deivy Pérez Martin expressed her deep gratitude to Petrovietnam and PTSC for the warm welcome and practical working session. She said that Cuba is facing many difficulties in energy, especially electricity due to lack of fuel and maintenance materials. In this situation, the Cuban Government has issued many preferential policies to attract foreign investment, in which it hopes to have active participation from Petrovietnam. Ms. Deivy Pérez Martin was especially pleased that Petrovietnam is willing to support Cuba in researching and developing renewable energy solutions, opening up prospects for substantive cooperation in the future. Appreciating the capacity, scale and strategic vision of Petrovietnam/PTSC, Ms. Deivy Pérez Martin emphasized: "We believe that today's visit and exchange will be the foundation for the two sides to continue to maintain, consolidate and expand effective and sustainable cooperation in the coming time". Previously, the Cuban delegation visited the offshore wind power base manufacturing area at the PTSC Energy Industry and Technical Logistics Center in Vung Tau City. Here, the delegation was introduced to offshore wind power projects, a strategic step of Petrovietnam/PTSC to meet the demand for renewable energy development.

Mr. Tran Quang Dung, Permanent Deputy Secretary of Petrovietnam Party Committee, presented souvenirs to the Cuban delegation.

Promoting Vietnam - Cuba energy cooperation
The Cuban delegation visited the offshore wind power base manufacturing area at PTSC Energy Industry and Technical Logistics Center in Vung Tau City. The visit helped the Cuban delegation have a more comprehensive view of construction capacity, while affirming the important role of Petrovietnam/PTSC in the supply chain of oil and gas and offshore wind power technical services in the region and the world.

According to pvn.vn

Source: https://www.ptsc.com.vn/tin-tuc/tin-dau-khi-1/tin-pvn/thuc-day-hop-tac-nang-luong-viet-nam-cuba