PVN reports positive performance in first four monthsFriday, May 19,2017
AsemconnectVietnam - The Vietnam Oil and Gas Group (PVN) has fulfilled all production targets and enjoyed an increase in revenue in the first four months of 2017.
PVN reported that it surpassed the oil and gas, electricity and nitrogen production targets for the period. Total oil-equivalent extraction output reached 8.69 million tonnes between January and April, 6.2 percent higher than the Governmental target.
As a result, its revenue was 17.6 percent above the four-month target and rose 20.4 year-on-year. The group’s tax payment for the State budget was 11 percent higher than initial plans and grew 14 percent compared to the same period in 2016.
Meanwhile, the group conducted assessed drilling in four new wells.
The firm will optimise resources and solutions to achieve key tasks, including restructuring, for the second quarter as well as the whole year, PVN said.
In 2017, the group is aiming for 23.81 million tonnes in oil-equivalent extraction output, 20.1 billion kWh of commercial electricity, 1.52 million tonnes of nitrogen fertiliser, and some 6.8 million tonnes of oil and gasoline.
PVOIL announces shortlist of strategic investors
Vinamit to bring organic pork and chicken to Big C stores
30 Vietnamese food businesses to attend ThaiFex 2018
Lotte Vietnam Shopping rejects report on losses
Korean firms expand investments in Vietnam
Delta Group - The way to a leading position
Hoa Sen puts up steel construction pipe plant in Yen Bai
Vietnam Airlines to build logistic hub in Can Tho
AEON Vietnam proposes to build a shopping mall in Can Tho
Vietnamese businesses reap fruits in foreign markets
SOE equitisation in need of faster pace and better quality
EVN ensures stable electricity supply
Jetstar Pacific to add more flights to Guangzhou this summer
Samsung Pay allows for transactions by Smart Watch