PetroVietnam exploited 12.44 million tonnes of oil between January and June, 3.1 per cent above the six-month target and equivalent to 54.5 per cent of this year’s plan.— Photo pvoil.com.vn

HÀ NỘI — The Vietnam Oil and Gas Group (PetroVietnam) not only reached the majority of its targets for the first half of 2018, but went beyond expectations, statistics showed.
PetroVietnam exploited 12.44 million tonnes of oil between January and June, 3.1 per cent above the six-month target and equivalent to 54.5 per cent of this year’s plan.
The volume included 6.18 million tonnes of oil exploited in Việt Nam and another 0.95 million tonnes in other countries. Around 5.31 billion cubic metres of gas were also extracted during the period.
The group produced 11.8 billion kWh of electricity, 823,800 tonnes of fertiliser and 3.85 million tonnes of petroleum and oil, exceeding the six-month plan by 5.2 per cent, 3.8 per cent and 9.2 per cent, respectively.
During the first six months, it earned VNĐ284.5 trillion (US$12.5 billion) in revenue and contributed VNĐ52.8 trillion ($2.3 billion) to the State budget, 21 per cent and 49 per cent higher than the respective six-month targets.
PetroVietnam also noted stable and safe operations at its factories, including the Phú Mỹ and Cà Mau fertiliser plants, and the Dung Quất oil refinery.
The Nghi Sơn Refinery and Petrochemical LLC in the central province of Thanh Hóa started operations on February 28, and had successfully produced 381,000 tonnes A92 gasoline as of June 30. Over the six months, the plant sold 88,000 cubic metres of A95 petrol, 45,000 cubic metres of A92 petrol, and 86,500 cubic metres of diesel oil.
The Đình Vũ polyester fibre plant, which used to be a big loss-making project, resumed the operation of three yarn production lines in late April, producing 440 tonnes of yarn in the first half of 2018, PetroVietnam reported. — VNS