PetroVietnam (PVN) has announced a post-tax revenue of 27.5 trillion VND(1.3 billion USD) in the first six months of the year, representing a53.2 percent year-on-year increase.
Le Minh Hong, PVN’s Deputy General Director, revealed the figures at a press conference held in Hanoi on July 8.
He said that the group has met all of its targets for the first six months and improved from last year.
Accordingly, the combined revenue of the company, including all of itssubsidiaries, totalled 36-43 trillion VND, according for 56.3 percentof the year’s targets.
In the first half of the year, the groupcontributed 82.8 trillion VND to the State budget – 11.9 trillion VNDhigher than the set target.
Hong added that in terms ofcooperate finance criteria, PVN posted total revenue of 181.3 trillionVND, showing16.5 percent above its targets.
He claimed thegroup’s oil production was 13.64 million tones, an increase of 4.6percent over the corresponding period last year.
It alsoproduced and supplied 9.05 billion kWh to the national power grid,representing a 17 percent increase over last year.
Itdiscovered four new gas mines and began the exploitation of three newmines. PVN produced 3.27 million tonnes of petrol in the six monthperiod, posting 38.3 percent over the same period last year.
Speaking at the conference, PVN’s Chairman Phung Dinh Thuc said plansfor restructuring were underway having been approved by the PrimeMinster at the beginning of the year.
He said that 19 of thegroup’s companies this month would be updated about the restructure andprovided with clear guidelines.
In the second quarter, PVNplanned to raise its oil and gas production to 12.37 million tonnes ofoil equivalent (TOE), including 7.85 million tonnes of crude oil and4.52 billion cubic metres of gas.
It has targeted a turnoverof 331 trillion VND in the last six months of the year, bringing thetotal of the whole year to 696 trillion VND.
PVN expects tosign 2-5 new oil contracts and bring five mines into operation includingtwo in the country and three other overseas.-VNA
Le Minh Hong, PVN’s Deputy General Director, revealed the figures at a press conference held in Hanoi on July 8.
He said that the group has met all of its targets for the first six months and improved from last year.
Accordingly, the combined revenue of the company, including all of itssubsidiaries, totalled 36-43 trillion VND, according for 56.3 percentof the year’s targets.
In the first half of the year, the groupcontributed 82.8 trillion VND to the State budget – 11.9 trillion VNDhigher than the set target.
Hong added that in terms ofcooperate finance criteria, PVN posted total revenue of 181.3 trillionVND, showing16.5 percent above its targets.
He claimed thegroup’s oil production was 13.64 million tones, an increase of 4.6percent over the corresponding period last year.
It alsoproduced and supplied 9.05 billion kWh to the national power grid,representing a 17 percent increase over last year.
Itdiscovered four new gas mines and began the exploitation of three newmines. PVN produced 3.27 million tonnes of petrol in the six monthperiod, posting 38.3 percent over the same period last year.
Speaking at the conference, PVN’s Chairman Phung Dinh Thuc said plansfor restructuring were underway having been approved by the PrimeMinster at the beginning of the year.
He said that 19 of thegroup’s companies this month would be updated about the restructure andprovided with clear guidelines.
In the second quarter, PVNplanned to raise its oil and gas production to 12.37 million tonnes ofoil equivalent (TOE), including 7.85 million tonnes of crude oil and4.52 billion cubic metres of gas.
It has targeted a turnoverof 331 trillion VND in the last six months of the year, bringing thetotal of the whole year to 696 trillion VND.
PVN expects tosign 2-5 new oil contracts and bring five mines into operation includingtwo in the country and three other overseas.-VNA
