Vietnamplus

The Petrovietnam Exploration Production Corporation (PVEP)’s oil output reached 1 billion barrels on Febraury 8, marking a new milestone in its 35-year development journey.

Indonesia's state-owned oil company, Pertamina, has recently launched its first underground carbon injection tests, as the state energy firm is exerting efforts to cut carbon emissions and increase oil output.

Malaysia has agreed with the recent implementation of oil production cut of 2 million barrels per day by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) with effect from this November.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that its crude oil output reached 3.63 million tonnes in the first four months of this year, surpassing the set target by 23 percent.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that its oil output reached 1.78 million tonnes in the first two months of this year, surpassing the set target by 24 percent.

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.

The Vietnam Oil and Gas Group (PetroVietnam) reported that it had met its revenue target in 2021 two months ahead of schedule, generating 620.2 trillion VND (over 27.1 billion USD), surpassing the yearly plan by 26.4 percent, and up 28 percent year-on-year.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that it has completed the target of 7.99 million tonnes of oil output set for this year, 42 days ahead of schedule.

The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177 percent and tripled the figure for the same period last year, reaching 30.2 trillion VND (1.32 billion USD).

The Vietnam Oil and Gas Group (PetroVietnam) has reported an oil output of 8.64 million tonnes in the first nine months of this year, 9.4 percent higher than the set target.

The Vietnam Oil and Gas Group (PetroVietnam)’s exploited crude oil output in the first four months of 2020 reached 7.2 million tonnes of oil equivalent, exceeding its set target by 7.7 percent, despite difficulties caused by the COVID-19 pandemic and a sharp decrease in oil prices.

Indonesia’s 2018 crude palm oil output is set to climb by 4-6 million tonnes from last year to 40-42 million tonnes, said an official from an industry association.

Palm oil output in Malaysia is estimated to fall by 2 million tonnes in the oil year ending September 2016 due to El Nino, said top industry analyst Dorab Mistry from India-based Godrej International.

The country's crude oil exploitation output this year is estimated to reach 17.58 million tonnes, up 4.6 percent against the government's annual target.