PVEP enjoys over VND14.3 trillion in six-month revenue

The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of VND14.35 trillion (US$623.59 million) in the first six months of 2021, equivalent to 144% of its target.

In the first half of this year, the firm, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), enjoyed over VND2 trillion in after-tax profit.

It paid more than VND3.63 trillion to the State budget, equivalent to 151% of its target.

According to the firm, in the period, it exploited 1.78 million tonnes of oil equivalent, reaching 106% of its goal, along with 493 million cu.m of gas, competing 96% of its target.

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