PetroVietnam surpasses key financial targets

PetroVietnam reported it had surpassed key financial targets for the last  一0 months. — Photo pvn.vn

HÀ NỘI — The Việt Nam National Oil and Gas Group (PetroVietnam) has surpassed key financial targets for the first  一0 months of this year thanks to stability in production and business as well as the rise in petrol prices in October.

In the first  一0 months of this year, it added VNĐ 九0. 九 trillion (US$ 三. 九 五 billion) to the State budget, up  二 三 per cent from the yearly plan, according to PetroVietnam.

Meanwhile, its total revenue hit VNĐ 四 九 九. 五 trillion,  二 一 per cent higher than the  一0-month plan and up nearly  二 四 per cent from the same period last year. The group tapped  二0. 一 million tonnes of oil, exceeding the plan’s estimates by about  五 per cent.

The total volume of gas hit  八. 三 九 billion cu.m, up  四. 一 per cent against the  一0-month plan, while fertiliser output reached  一. 三 八 million tonnes, up  七. 二 per cent compared with the  一0-month plan. Total petrol production was equivalent to  八 四. 二 per cent of the plan, amounting to  七. 四 六 million tonnes. 

PetroVietnam ranked first in the  二0 一 八 list of  五00 Vietnamese firms with the highest profits. In October, the Dung Quất biofuel plant resumed operations after three years. Five days after its reopening, the plant had churned out its first batch of E 一00 ethanol fuel.

In the last two months of the year, PetroVietnam continues to focus on maintaining efficiency in production and business activities of projects and factories, aiming at completing production and business targets for this whole year. — VNS