PetroVietnam pumps 1.78 million tonnes of oil in 2 months

HÀ NỘI — The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil output reached  一. 七 八 million tonnes in the first two months of this year, surpassing the set target by  二 四 per cent.

The group’s revenue in January and February was estimated at VNĐ 一 一 八. 七 三 trillion (US$ 五. 一 九 billion), exceeding the two-month target by  三 四 per cent, and up  四 六 per cent from the same period last year.

It contributed some VNĐ 一 八.0 五 trillion to the State budget, surpassing the two-month target by  五 二 per cent, and up  四 八 per cent year on year.

The achievements are attributable to the group's good market forecasting work, flexible management and the ability to optimise opportunities despite uncertainties in the global oil and gas market.  

Chairman of the Board of Directors of PetroVietnam Hoàng Quốc Vượng said at a recent meeting that it is necessary to further bring into full play opportunities in production and restructuring.

PetroVietnam General Director Lê Mạnh Hùng said the group will focus on market forecasting to flexibly cope with the new situation, and urged units to continue with digitalisation in business. — VNS