Business

PetroVietnam’s crude oil output surpasses target by 24.2 percent in January

The Vietnam Oil and Gas Group (PetroVietnam)’s oil exploitation output in the first month of 2022 reached 0.93 million tonnes, exceeding its set target by 24.2 percent.
PetroVietnam’s crude oil output surpasses target by 24.2 percent in January ảnh 1Oil rigs at Bach Ho field. (File photo: VNA)

Hanoi (VNA) - The Vietnam Oil and Gas Group(PetroVietnam)’s oil exploitation output in the first month of 2022reached 0.93 million tonnes, exceeding its set target by 24.2 percent.

The figures were released at a regular meeting of the group heldvirtually on February 14.    

As heard at the event, with overall business and production achievements,plus high oil prices, PetroVietnam’s financial indicators in the month grew significantlycompared to the same period last year. The group's total revenue was estimatedat 60.8 trillion VND (2.67 billion USD), exceeding 36 percent of the monthlyplan and increasing by 43 percent on-year.

Meanwhile, the firm’s contribution to the Government’s budgetwas around 8.4 trillion VND, up 44 percent and 42 percent compared to themonthly plan and the same period in 2021, respectively.

Its consolidated pre-tax profit was about 6.2 trillion VND,2.9 times higher than the monthly plan and 2.5 times higher than the sameperiod last year./.

VNA
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