PetroVietnam surpasses key financial targets for 2018
The Vietnam National Oil and Gas Group (PetroVietnam) has surpassed its key financial targets for this year, thanks to the rise in petrol prices in October.
Hanoi (VNA) – TheVietnam National Oil and Gas Group (PetroVietnam) has surpassed its keyfinancial targets for this year, thanks to the rise in petrol prices inOctober.
In the first 10 months of this year, it added90.9 trillion VND (3.95 billion USD) to the State budget, up 23 percent fromthe yearly plan. Its total revenue hit 499.5 trillion VND, 21 percent higherthan the 10-month plan, and up nearly 24 percent from the same period lastyear.
The group tapped 20.1 million tonnes of oil,exceeding the plan’s estimates by about 5 percent. The total volume of gas hit8.39 billion cu.m, up 4.1 percent; while fertiliser output reached 1.38 milliontonnes, up 7.2 percent.
Total petrol production was equivalent to 84.2percent of the plan, amounting to 7.46 million tonnes.
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Illustrative image (Source: VNA) 
