The Vietnam National Oil and Gas Group (PetroVietnam), on July 5, reports gaining total revenue of VND340 trillion during the first six months of 2011, fulfilling 68% of the year’s plan and a 45% increase compared to the same period last year.
The Group contributed VND75 trillion to the state budget and reached pre-tax profit of VND49.9 trillion (a 44% increase compared to the same period of 2010). In which, the revenues earned from oil sales was US$6.05 billion, accounting for 71% of the year’s plan.
Mr Vu Quang Nam, Vice General Director of PetroVietnam said that the Group's crude oil export reached 7.2 million tonnes, including 4.15 million tonnes for export, 2.74 million tonnes supplied for the Dung Quat Oil Refinery and 310,000 tonnes from overseas exploitations. Meanwhile, its gas drilling is estimated at 4.68 billion cubic metres.
The Group supplied around 4.64 billion cubic meters of dry gas to domestic households, and contributed 7.11 billion kWh to the national grid.
According to Mr Phung Dinh Thuc, General Director of PetroVietnam, all affiliates of PetroVietnam have completed business and production plans and reached the high growth rate compared with the same period of 2010, particularly PV Oil and Petec are facing many difficulties in operation.
As scheduled, starting from July 15, the Dung Quat Oil Refinery will have a 62-day maintenance for whole operation for the first time, together to ensure the protection of the environment in the area.
The Group also spent nearly VND340 billion (around 56% of its commitment) for social security projects nationwide, which mainly focus on the areas of education, health care, gratitude house and storm/flooding victims assistance.
Pledged never cut the power supplies, however, Mr Phung Dinh Thuc has urged State-run Electricity of Vietnam (EVN) to settle the VND7,000 billion debt from power buying-selling activity in the best way, saying that the national interests must be a top priority.
CPV
Vietnamese
