The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has fulfilled its yearly plan of exploiting 5.1 million tonnes of crude oil, the Vietsovpetro’s 44th Council meeting reported on December 15.

Vietsovpetro plans to pump up an additional amount of 260,000 tonnes of crude oil in the remaining half of this month, increasing this year’s total output to 5.36 million tonnes. However, the figure is 196,000 tonnes lower than that of 2013.

Besides, the venture provided over 1.4 billion cubic metres of gas, up 0.2 billion cubic metres as planned.

Vietsovpetro also fulfilled its yearly target revenues of 3.86 billion USD and expects to rake in 4.34 billion USD for the whole year.-VNA