Petrovietnam CEO sees a future of nuclear and wind power

What happened: Petrovietnam President and CEO Le Manh Cuong called wind and nuclear power the company's future, after the Middle East war briefly left it "with no single drop" of fossil fuel. The state giant will stick with fossil fuels as it leans into renewables. Why it matters: Petrovietnam intends to use its decades of offshore drilling experience for offshore wind farm development, an endeavor Cuong describes as somewhat similar.

Petrovietnam President and CEO Le Manh Cuong called wind and nuclear power the company's future, after the Middle East war briefly left it "with no single drop" of fossil fuel. The state giant will stick with fossil fuels as it leans into renewables.

Petrovietnam intends to use its decades of offshore drilling experience for offshore wind farm development, an endeavor Cuong describes as somewhat similar.