Oil exploitation at Bach Ho (White Tiger) oil field. (Photo: VNA)Hanoi (VNA) – The Vietnam Oil and Gas Group (Petrovietnam) has fulfilled crudeoil exploitation target set for the whole year, 70 days ahead of schedule.
Theinformation was revealed by Petrovietnam General Director Le Manh Hung at ameeting on November 5.
Thegroup’s crude oil output reached 9.03 million tonnes in the first ten monthsof this year, exceeding the yearly plan by 3%, and equivalent to 99.4% of the figure in the sameperiod last year.
Petrovietnamhas also striven to meet the demand in the domestic market, contributing to the efforts of the Ministry of Industry and Trade and other state-owned enterprisesto guarantee national oil security in the face of impacts from the worldenergy crisis.
At the sametime, the group has adopted a series of solutions to ensure stable productionand business.
Petrovietnam’s total revenue in the first ten months of this year was estimated at about 782 trillion VND(around 31.3 billion USD), exceeding the yearly plan by 40%, and up 56%compared to the same period last year. It contributed 112.2 trillion VND to theState budget, surpassing the yearly plan by 74% and equivalent to the figure of the whole year of 2021.
The achievements are attributed to the group’s good marketforecasting, flexible management and ability to optimise opportunities despiteuncertainties in the global petrol market./.
