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PetroVietnam revenue hits $23b

Update: September, 22/2014 - 08:07

PetroVietnam reported that its electricity production in August reached 0.99 billion kWh, bringing the total to 10.54 billion kWh in the first eight months of the year.— VNA/VNS Photo Huy Hung

HA NOI (VNS) — Viet Nam National Oil and Gas Group (PetroVietnam) achieved 74 per cent of its annual target by earning VND492 trillion (US$23.4 billion) in revenues in the first eight months of 2014.

The company also reported on its website that in August alone, its total production output reached 2.16 million tonnes of oil equivalent (TOE), bringing the total in the first eight months of the year to 18.25 million TOE, or 71 per cent of its target for the year.

The company said petroleum production in August was estimated to be 3.46 million tonnes, or 75 per cent of its target for the year.

Of these, PetroVietnam's Phu My Condensate Processing Plant contributed 240,000 tonnes, and its Dung Quat Oil Refinery contributed 3.21 million tones.

PetroVietnam reported that its electricity production in August reached 0.99 billion kWh, bringing the total to 10.54 billion kWh in the first eight months of the year.

Nitrogenous fertiliser production was reported to reach 149,100 tonnes in August alone, bringing the total volume to more than one million tonnes in the first eight months of the year. Of this figure, Phu My Fertiliser Plant produced 573,700 tonneser Plant generated 503,800 tonnes.

The group's fiber production was also reported to reach 7,390 tonnes, bringing the total volume to 22,000 tonnes. By end-August, PetroVietnam also conducted trial drilling on 21 oil wells. — VNS

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