Vietnam’s oil exploitation exceeds set plan

15:48 | 26/12/2017 Energy

The Vietnam National Oil and Gas Group (PVN) produced 14.27 million tonnes of oil during January-November, exceeding its set plan of 2.6 percent.

An oil rig of the Vietnam National Oil and Gas Group - Photo: VNA

Of the figure, 12.49 million tonnes were exploited domestically, 2.7 percent higher than the target.

In the period, the group produced 1.6 million tonnes of nitrogenous fertiliser for farming, surpassing targets by 5.3 percent.

The group’s revenue as of November 25 was calculated at 437.8 trillion VND (19.35 billion USD), 3.6 percent beyond the yearly plan and up 11 percent from the same time in 2016.

Many member companies of the group have fulfilled their targets in the year, including Binh Son Refining and Petrochemical Co., Ltd, PetroVietnam Gas Joint Stock Company, Petrovietnam Transportation Corporation and PVOil.

Theo VNA