PetroVietnam makes $27b in January-October period
Tuesday, November 12,2019
AsemconnectVietnam - Total revenue of the Vietnam Oil and Gas Group (PetroVietnam) reached VND627.74 trillion (US$27 billion) in the first 10 months of this year, 10.4 per cent higher than the 10-month target and 2.5 per cent higher than the yearly plan.
Along with oil and gas, the group also enjoyed high production of other products. It produced 18.55 billion kWh of electricity, 1.26 million tonnes of fertiliser and 9.9 million tonnes of petroleum, surpassing 5.1 per cent, 8.1 per cent and 5.5 per cent of the targets, respectively.
PetroVietnam’s total revenue reached VND626.8 trillion last year, marking an increase of 26 per cent year-on-year, and it contributed VND121.3 trillion to the State budget, up 24 per cent year-on-year.
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