An oil rig on the Bach Ho oil field (Photo: VNA) Its consolidated pre-taxprofit reached 21.7 trillion VND, 63% higher than the target and equivalent to63% of the yearly plan.
Meanwhile, the firmcontributed 54.5 trillion VND to the state budget during January - May (excludingthe contribution by the Nghi Son Refinery & Petrochemical LLC), 45% higher than the five-monthtarget.
Petrovietnam said theseresults were highly positive compared to the downward trend of global oilprices.
The group reported that itsoperations remained safe and stable in the first five months. Particularly, themanufacturing and supply of such key products as gas, electricity, petrol, andoil posted impressive growth, helping ease pressure on power supply andguarantee national energy security.
During the period, itexploited 4.41 million tonnes of crude oil, 13.8% higher than the five-monthtarget. That comprised 3.66 million tonnes exploited domestically and 751,600tonnes overseas, rising 16.3% and 2.6% from the respective targets.
About 3.44 billion cu.m.of gas was exploited, 21.8% higher than the target.
Meanwhile, Petrovietnamproduced 719,500 tonnes of fertiliser, along with 2.92 million tonnes of petroland oil, up 11.1% and 13.3% from the respective targets.
Notably, amid powershortages for economic and daily activities, especially in May, the group hasexerted utmost efforts to provide fuel for power generation and optimise operationsof its power plants to help reduce pressure. It produced 10.12 billion kWh of electricityin the five months, up 48% year on year./.
VNA
