Business

PVEP enjoys over 14.3 trillion VND in six-month revenue

The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of 14.35 trillion VND (623.59 million USD) in the first six months of 2021, equivalent to 144 percent of its target.
PVEP enjoys over 14.3 trillion VND in six-month revenue ảnh 1Oil and gas platforms in Bach Ho oil field(Photo: VNA)

Hanoi (VNA) – The PetroVietnam Exploration Production Corporation (PVEP) reportedrevenue of 14.35 trillion VND (623.59 million USD) in the first six months of2021, equivalent to 144 percent of its target.

Inthe first half of this year, the firm, a subsidiary of the Vietnam Oil and GasGroup (PetroVietnam), enjoyed over 2 trillion VND in after-tax profit.

Itpaid more than 3.63 trillion VND to the State budget, equivalent to 151 percentof its target.

Accordingto the firm, in the period, it exploited 1.78 million tonnes of oil equivalent, reaching106 percent of its goal, along with 493 million cu.m of gas, competing 96percent of its target./
VNA
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