PetroVietnam exploits 7.76 million tonnes of oil equivalent in eight months
The Vietnam Oil and Gas Group (PetroVietnam) on September 1 reported an oil equivalent output of 7.76 million tonnes in the first eight months of this year, 8.2 percent higher than the set target.
Hanoi (VNA) - TheVietnam Oil and Gas Group (PetroVietnam) on September 1 reported an oil equivalent output of 7.76 million tonnes in the first eightmonths of this year, 8.2 percent higher than the set target.
The group generated more than 14 billion kWhof electricity, equivalent to 96.9 percent of the target, and produced nearly1.2 million tonnes of nitrogenous fertiliser, surpassing the target by 4.8percent.
Its production of oil and petrol exceeded 8.2million tonnes, only equivalent to 93.3 percent of the target, largely due tothe Dung Quat Oil Refinery under maintenance.
In August, the group sold crude oil at 47.5 USD per barrel, about2.3 USD higher than the price in the previous month, but still much lower thanthe price of 60 USD set in the yearly plan.
PetroVietnam reported that total revenue in the eight-month periodwas over 372 trillion VND (16 billion USD). The group contributed nearly 45trillion VND to the State budget, while its after-tax profit stood at over 11trillion VND.
The group said it will continue with comprehensive solutions tocope with potential risks to its operation in the remaining months of this year,with a focus on managing production costs and maintaining product quality./.
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Illustrative image (Photo: VNA) 
