Petrovietnam posts growth in various production fields last month
The Vietnam Oil and Gas Group (Petrovietnam) said it recorded growth in multiple production aspects in January compared to the previous month and the same period last year.
Petrovietnam produced 865,000 tonnes of crude oil and 552 million cu.m. of gas in January. (Illustrative photo: VietnamPlus)
Hanoi (VNA) – The Vietnam Oil and Gas Group (Petrovietnam)said it recorded growth in multiple production aspects in January compared to theprevious month and the same period last year.
At a recent meeting on production and business tasks of the firstquarter, Deputy General Director of Petrovietnam Le Xuan Huyen said that theState-owned firm fulfilled most of the targets for January and saw year-on-yearincreases.
The crude oil output reached 865,000 tonnes, up 2.8% from thetarget and 1.5% from last December. The gas production stood at 552 millioncu.m, up 8.7% month on month and 1.4% year on year. Meanwhile, the electricityoutput rose 18.4% from the previous month and 35% from a year earlier to 2.23 billionkWh.
About 640,200 tonnes of petrol and oil was manufactured (excludingproducts of the Nghi Son Refinery and Petrochemical LLC), 43.1% higher than the target and rising 2.9% month on month and 9.2% year on year. Nearly 161,000tonnes of fertiliser was produced, up 5.1% from the target, 1.9% from December,and 1% from January last year, statistics show.
As a result, Petrovietnam also saw its financial indexes higher thanplanned, Huyen noted, elaborating that its total revenue approximated 69trillion VND (2.8 billion USD), up 17% from the target and 14% year on year.
It contributed 9.9 trillion VND to the state budget, rising 19% from the targetand 13% year on year, he added.
Chairman and General Director of Petrovietnam Le Manh Hung said asproduction and business activities are predicted to continue facingdifficulties in the time ahead, the group will stay updated with themacro-economic situation, make analysis and assessment, seek ways to renew oldimpetuses, and add new drivers for its development./.
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Petrovietnam produced 865,000 tonnes of crude oil and 552 million cu.m. of gas in January. (Illustrative photo: VietnamPlus) 
