PVN posts $29.85b in turnover
The Vietnam National Oil and Gas Group (PetroVietnam) has announced a turnover of VND627 trillion (US$29.85 billion) over the past 10 months, or 0.4% more than the same period last year.
Just last month, the total production of oil equivalent reached 2.11 million tonnes, equal to 101% of the month's target.
Total oil and gas production reached 21.91 million tonnes of oil equivalent (TOE), up 2.3% from last year and accounting for 87% of the year's target.
The group contributed VND145.8 trillion (US$6.94 billion) to the State budget during this period, posting a 1.4% year-on-year increase and meeting 98% of the year's goal.
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Of note, PetroVietnam has brought six oil fields into operation in the January-October period, including Hai Su Trang, Hai Su Den, White Rabbit, West Desaru - Malaysia Block PM 304, Jupiter Well 1 and Su Tu Vang Northeast.
Also, production and supply to the national grid last month increased 1.18 billion kWh, equal to 93.4% of the target.
The total power production in this period was 13.58 billion kWh, meeting 98.1% of the annual plan and representing a year-on-year rise of 11.7%.
Production of fertiliser in October reached 140,000 tonnes, while its total production reached 1.32 million tonnes in the period, posting a year-on-year rise of 13.4%, including the Phu My fertiliser plant with 672,000 tonnes and Ca Mau fertiliser plant with 643,000 tonnes.
The group also ensured continuing progress in implementing the national key projects in the oil and gas field. It also disbursed VND57 trillion (US$2.71 billion) in the 10 month period, accounting for 71% of the year's target.