PVN’s business results exceed plan

Monday, Mar 04, 2019 08:16

Oil rig at PVN’s Bien Dong project 1. PVN estimated to gain total revenue of VND111.8 trillion in the first two months of this year. — Photo pvn.vn

Viet Nam Oil and Gas Group (PVN) estimated to gain total revenue of VND111.8 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 Quat Oil Refinery, 1.06 million tonnes from Nghi Son 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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