Thursday, October 22 2020


PVN’s business results exceed plan

Update: March, 04/2019 - 22:00
Oil rig at PVN’s Biển Đông project 1. PVN estimated to gain total revenue of VNĐ111.8 trillion in the first two months of this year. - Photo
Viet Nam News

HÀ NỘI — Việt Nam Oil and Gas Group (PVN) estimated to gain total revenue of VNĐ111.8 trillion (US$4.79 billion) in the first two months of this year, 8 per cent higher than its plan.

PVN said in the first two months, total exploited oil and gas output was estimated at 3.85 million tonnes, an increase of 7 per cent against the plan.

During the first two months, the group produced 3.27 billion kWh of electricity, exceeding the plan by 4.2 per cent, and 280,000 tonnes of nitrogen fertiliser, 6.7 per cent higher than the plan.

Petroleum production was estimated at 2.17 million tonnes, exceeding the plan by 7.2 per cent, including 1.03 million tonnes from Dung Quất Oil Refinery, 1.06 million tonnes from Nghi Sơn Petrochemical Refinery and 73,600 tonnes from PVOIL.

To complete the business plan for the first quarter and the next quarters, PVN continues to closely follow world oil prices to have the most effective production and business management solutions.

Besides that, PVN promotes scientific and technological solutions and applies new technologies to improve production and business efficiency. — VNS

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