A worker in Bach Ho oil well (Photo: VNA)
 
Hanoi (VNA) – Vietnam’s oil and gas output hit an estimated 2.05 million equivalent tonnes in January, surpassing the monthly target by 5.8 percent.

According to the Vietnam Oil and Gas Group (PetroVietnam), of the sum, oil exploitation volume was 1.13 million tonnes and gas output reached 0.92 billion cubic metres, 3.7 and 8.6 percent higher than planned, respectively.

In addition, the group’s urea fertiliser production came to 142,940 tonnes, up 4.4 percent compared to the planned figure.

Petrol and oil production also increased to more than 1.12 million tonnes, exceeding the monthly quota by 6.7 percent.

As a result, the group earned about 56.8 trillion VND (2.44 billion USD) in revenue and contributed 8.2 trillion VND (353.68 million USD) to the State budget.

Also in January, PetroVietnam spent more than 3 billion VND (129,385 USD) on social welfare, like building houses or presenting gifts to disadvantaged groups.-VNA