The National Oil and Gas Group (PetroVietnam) notched up total revenue of VND319.6 trillion (US$14 billion) in the first eight months of this year, exceeding its target by 19 per cent. — Photo vnexpress.net

The National Oil and Gas Group (PetroVietnam) notched up total revenue of VND319.6 trillion (US$14 billion) in the first eight months of this year, exceeding its target by 19 per cent.

Of the figure, PetroVietnam contributed VND60.2 trillion to the State budget. In the reviewed period, the group exploited some 17.12 million tonnes of oil, accounting for 66.3 per cent of the year’s plan. The production of oil reached 10.49 million tonnes and gas production reached 6.63 billion cubic metres.

From January to August, PetroVietnam produced 14.29 billion kWh of electricity.

Besides this, the group produced 3.82 million tonnes of petrol and some 1.18 million tonnes of nitrogen fertiliser, exceeding 19.8 per cent and 10.3 per cent of the eight month plan, respectively.

In the remaining months of 2017, Petrovietnam will focus on handling five weak projects – Dinh Vu polyester fibre plant, bio-ethanol plants in Dung Quat and Binh Phuoc, Phu Tho ethanol plant and Dung Quat shipbuilding project.— VNS