Business

PVEP’s State budget contribution surpasses 43 percent of set target

The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), contributed nearly 2.3 trillion VND (99.8 million USD) to the State budget in the first four months of 2021, or 43 percent higher than the set plan.
PVEP’s State budget contribution surpasses 43 percent of set target ảnh 1Oil rigs at Bach Ho field (Photo: VNA)
Hanoi (VNA) – The PetroVietnam Exploration Production Corporation(PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam),contributed nearly 2.3 trillion VND (99.8 million USD) to the State budget inthe first four months of 2021, or 43 percent higher than the set plan.

In the period, the corporation exploited 1.2 million tonnesof oil equivalent, 5 percent higher than the plan.

Its total revenue surpassed 8.8 trillion VND, 35 percenthigher than the plan.

In April, PVEP continues maintaining safe production, withno accidents occurring in its projects. In addition, the corporation keeps aclose watch on weather developments at sea to make timely response and ensuresafety for oil and gas exploration and exploitation activities./.
VNA
#PetroVietnam Exploration Production Corporation#PVEP#PetroVietnam#State budget contribution#Vietnam#Vietnamplus#Vietnam News Agency
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