Business

Vietnam’s oil exploitation exceeds set plan

The Vietnam National Oil and Gas Group (PVN) produced 14.27 million tonnes of oil during January-November, exceeding its set plan of 2.6 percent.
Vietnam’s oil exploitation exceeds set plan ảnh 1An oil rig of the Vietnam National Oil and Gas Group. (Photo: VNA)

Hanoi (VNA) – The Vietnam National Oil and Gas Group (PVN)produced 14.27 million tonnes of oil during January-November, exceeding its setplan of 2.6 percent.

Of the figure, 12.49 million tonnes were exploited domestically, 2.7 percenthigher than the target.

In the period, the group produced 1.6 million tonnes of nitrogenous fertiliserfor farming, surpassing targets by 5.3 percent.

The group’s revenue as of November 25 was calculated at 437.8 trillion VND (19.35billion USD), 3.6 percent beyond the yearly plan and up 11 percent from thesame time in 2016.

Many member companies of the group have fulfilled their targets in the year,including Binh Son Refining and Petrochemical Co., Ltd,  PetroVietnam Gas Joint Stock Company,Petrovietnam Transportation Corporation and PVOil.-VNA
VNA
#Vietnam National Oil and Gas Group#oil production#14.27 million tonnes#nitrogenous fertiliser#revenue#beyond the yearly plan#vietnamplus
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