Vietsovpetro earns some 1.28 billion USD from oil sales
The Vietnam-Russia oil and gas joint venture Vietsovpetro raked in about 1.28 billion USD from oil sales in the first eight months of 2019, 19.4 percent more than its plan.
Vietsovpetro oil rigs on the Bach Ho oil field off the coast of Ba Ria-Vung Tau province (Photo: VNA)
Hanoi (VNA) – The Vietnam-Russia oil and gasjoint venture Vietsovpetro raked in about 1.28 billion USD from oil sales inthe first eight months of 2019, 19.4 percent more than its plan.
The firm said during the months, the Vietnameseside gained over 101 million USD in profit and the Russian side, 97.4 millionUSD, rising 26.7 percent and 27 percent from the respective plans.
The volume of crude oil and condensate tapped surpassed11.5 percent while that for natural gas was 16.7 percent higher than therespective targets for the January-August period.
At the same time, Vietsovpetro also put 12 wellsinto exploitation while installing more than 8,270 tonnes of metal facilitiesat sea and 34km of undersea pipes.
The joint venture added it contributed nearly534 million USD to the State budget during the period, almost 22 percent higherthan its plan.-VNA
The Vietnam-Russia oil and gas joint venture Vietsovpetro posted total revenues of more than 950 million USD from the sales of oil, gas and condensate in the first six months of this year, contributing 452.4 million USD to the State budget.
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Vietsovpetro oil rigs on the Bach Ho oil field off the coast of Ba Ria-Vung Tau province (Photo: VNA) 
