Illustrative image (Source: VNA) Hanoi (VNA) – TheVietnam National Oil and Gas Group (PetroVietnam) has surpassed its keyfinancial targets for this year, thanks to the rise in petrol prices inOctober.
In the first 10 months of this year, it added90.9 trillion VND (3.95 billion USD) to the State budget, up 23 percent fromthe yearly plan. Its total revenue hit 499.5 trillion VND, 21 percent higherthan the 10-month plan, and up nearly 24 percent from the same period lastyear.
The group tapped 20.1 million tonnes of oil,exceeding the plan’s estimates by about 5 percent. The total volume of gas hit8.39 billion cu.m, up 4.1 percent; while fertiliser output reached 1.38 milliontonnes, up 7.2 percent.
Total petrol production was equivalent to 84.2percent of the plan, amounting to 7.46 million tonnes.
PetroVietnam ranked first in the 2018 list of500 Vietnamese firms with the highest profits.
It registered to donate over 250 billion VND(11.2 million USD) to the charity programme “Joining Hands for the Poor” thisyear.
In October, the Dung Quat biofuel plant resumedoperations after three years. Five days after its resumption, the plant had churnedout its first batch of E100 ethanol fuel. –VNA
In the first 10 months of this year, it added90.9 trillion VND (3.95 billion USD) to the State budget, up 23 percent fromthe yearly plan. Its total revenue hit 499.5 trillion VND, 21 percent higherthan the 10-month plan, and up nearly 24 percent from the same period lastyear.
The group tapped 20.1 million tonnes of oil,exceeding the plan’s estimates by about 5 percent. The total volume of gas hit8.39 billion cu.m, up 4.1 percent; while fertiliser output reached 1.38 milliontonnes, up 7.2 percent.
Total petrol production was equivalent to 84.2percent of the plan, amounting to 7.46 million tonnes.
PetroVietnam ranked first in the 2018 list of500 Vietnamese firms with the highest profits.
It registered to donate over 250 billion VND(11.2 million USD) to the charity programme “Joining Hands for the Poor” thisyear.
In October, the Dung Quat biofuel plant resumedoperations after three years. Five days after its resumption, the plant had churnedout its first batch of E100 ethanol fuel. –VNA
VNA
