The Vietnam Oil and Gas Group (PetroVietnam) not only reached the majority of its targets for the first half of 2018, but went beyond expectations, statistics showed.
PetroVietnam posts positive outcomes in H1. (Photo: VNA)
Hanoi (VNA) – The Vietnam Oil and GasGroup (PetroVietnam) not only reached the majority of its targets for the firsthalf of 2018, but also went beyond expectations, statistics showed.
PetroVietnam exploited 12.44 million tonnes ofoil between January and June, up 3.1 percent from the six-month target andequivalent to 54.5 percent of this year’s plan.
The volume included 6.18 million tonnes of oilexploited in Vietnam and another 0.95 million tonnes in other countries. About5.31 billion cubic metres of gas were also extracted during the period.
Meanwhile, the group produced 11.8 billion kWhof electricity, 823,800 tonnes of fertiliser, and 3.85 million tonnes ofpetroleum and oil, exceeding the six-month plan by 5.2 percent, 3.8 percent,and 9.2 percent, respectively.
During the first six months, it earned 284.5trillion VND (12.5 billion USD) in revenue and contributed 52.8 trillion VND(2.3 billion USD) to the State budget, 21 percent and 49 percent higher thanthe respective six-month targets.
PetroVietnam also noted stable and safeoperations in its factories, including Phu My and Ca Mau fertiliser plants, andDung Quat oil refinery.
Especially, Nghi Son Refinery and PetrochemicalLLC in the central province of Thanh Hoa reached its ready for start-up onFebruary 28, successfully producing A92 gasoline on May 1. It had turned out381,000 tonnes of products as of June 30. Over the six months, the plant sold88,000 cubic metres of A95 petrol, 45,000 cubic metres of A92 petrol, and86,500 cubic metres of diesel oil.
Dinh Vu polyester fibre plant, which used to bea big loss-making project, resumed the operation of three yarn production linesin late April, producing 440 tonnes of yarn in the first half of 2018,PetroVietnam reported.-VNA
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PetroVietnam posts positive outcomes in H1. (Photo: VNA) 
