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PetroVietnam produces 9.23 million tonnes of oil in seven months

The Vietnam National Oil and Gas Group (PetroVietnam) produced 9.23 million tonnes of oil in the first seven months of 2017, the group reported to Prime Minister Nguyen Xuan Phuc in Hanoi on August 5.
PetroVietnam produces 9.23 million tonnes of oil in seven months ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the working session with the Vietnam National Oil and Gas Group (PetroVietnam) (Photo: VNA)
Hanoi (VNA) – The Vietnam National Oiland Gas Group (PetroVietnam) produced 9.23 million tonnes of oil in the firstseven months of 2017, the group reported to Prime Minister Nguyen Xuan Phuc inHanoi on August 5.

The group’s total revenue in January-Julyreached 278.5 trillion VND (12.25 billion USD), surpassing the seven-monthtarget by 14 percent and fulfilling 64 percent of the yearly goal.

PetroVietnam actively implementedscience-technology and training activities as well as ensured oil and gas securityand safety, environmental and labour safety.

The prevention of fire at oil and gas facilitieswas seriously controlled while social welfares were carried out.

The group strives to produce at least 13.28million tonnes of crude oil and 10.61 billion cubic meters of gas in 2017 andkeep a close watch on oil prices to promptly cope with any fluctuations.

It will also focus on safe and stable operationof oil and gas plants in addition to speeding up investment and prioritisingcapital for projects completed in 2017.

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At the working session, Prime Minister Nguyen Xuan Phuc recognised the group’s contributions to affirming national sovereignty and increasing the State budget.

He urged the group to speed up restructuring, reorganising production, and improving management in order to achieve its goals set for 2017 and following years.-VNA

VNA
#Vietnam National Oil and Gas Group#PetroVietnam#PVN#Prime Minister Nguyen Xuan Phuc#targets#science-technology and training activities#oil and gas security and safety#environmental safety#labour safety#capital#investment#restructuring#production
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