Business

Vietsovpetro surpasses oil and gas production targets for Q1

The Vietnam-Russia joint venture Vietsovpetro reported that its oil and gas production in the first quarter of 2019 surpassed its target for the period.
Vietsovpetro surpasses oil and gas production targets for Q1 ảnh 1Illustrative image (Source: vietsov.com.vn)

Hanoi (VNA) – The Vietnam-Russia joint ventureVietsovpetro reported that its oil and gas production in the first quarter of2019 surpassed its target for the period.

In terms of oil and condensate, the firm exploited 919,000tonnes in lot 09-1, 7.5 percent higher than the set target, and 43,700 tonnesin lot 09-3/12, surpassing the goal by 7.1 percent.

Meanwhile, Vietsovpetro’s total gas production was 39.6million cu.m, exceeding the plan by 25 percent.

During the period, the firm sold 958,600 tonnes of oil and condensatefor 487.8 million USD.

In the first quarter of 2019, Vietsovpetro’s eight new oil fieldscame online. –VNA 
VNA
#Vietsovpetro#Vietnam-Russia joint venture#oil fields#gas production#oil and condensate#oil and gas production#Vietnam#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

Vietsovpetro taps 230 million tonnes of oil

Vietsovpetro taps 230 million tonnes of oil

The Vietnam-Russia Oil and Gas Joint Venture Vietsovpetro has pumped up more than 230 million tonnes of crude oil and provided 34 billion cubic metres of associated gas since its exploitation of the first tonnes of the resource in Vietnam in June 1986.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.