Vietsovpetro’s revenues exceed 5.6 bln USD
The Vietnam-Russia oil and gas joint venture Vietsovpetro has announced
that its revenues from the sale of crude oil exceeded 5.6 billion USD in
2011.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has announced
that its revenues from the sale of crude oil exceeded 5.6 billion USD in
2011.
The figure was 57.6 percent higher than the target set for the whole year and 1.68 billion USD higher than its earnings recorded in 2010, Vietsovpetro General Director Nguyen Van Tuyen said at a conference in Hanoi on Jan. 10.
Of the total sum, the Vietnamese side made contribution to the state budget and profit of 3.55 billion USD, while the Russian partner’s profit surpassed 580 million USD.
Tuyen stressed that the figures marked the second highest revenues and profits in history of Vietsovpetro, only behind 2008.
In the year, Vietsovpetro exploited about 6.4 million tonnes of crude oil, 90,000 tonnes higher than the yearly plan.
For 2012, Vietsovpetro has set a target of pumping up at least 6.14 million tonnes of crude oil, bringing in total revenues of 4.14 billion USD./.
The figure was 57.6 percent higher than the target set for the whole year and 1.68 billion USD higher than its earnings recorded in 2010, Vietsovpetro General Director Nguyen Van Tuyen said at a conference in Hanoi on Jan. 10.
Of the total sum, the Vietnamese side made contribution to the state budget and profit of 3.55 billion USD, while the Russian partner’s profit surpassed 580 million USD.
Tuyen stressed that the figures marked the second highest revenues and profits in history of Vietsovpetro, only behind 2008.
In the year, Vietsovpetro exploited about 6.4 million tonnes of crude oil, 90,000 tonnes higher than the yearly plan.
For 2012, Vietsovpetro has set a target of pumping up at least 6.14 million tonnes of crude oil, bringing in total revenues of 4.14 billion USD./.
You should also see
Vietnam urged to build legal corridor for AI industry
Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.
See more
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
