PetroVietnam gains 205tr dong revenue in Jan-Apr

Vietnam National Oil and Gas Group (PetroVietnam-PVN) has recently announced the business results in the first four months of this year with satisfactory figures.

Accordingly, the group said its total revenue at 205 trillion dong or 41 percent of the year’s plan and up 49 percent year on year, of which, revenue from oil sales reached $3.7 billion, or 132.1 percent over the plan in Jan-Apr and 43.7 percent of the year’s target.

In Jan-Apr, the total oil output reached 7.97 million tons or 34.4 percent of the year’s plan, of which, oil exploitation was 4.84 million tones or 32.2 percent and gas exploitation at 3.14 billion cubic meters, or 38.3 percent of the year’s plan.

Also in the first four months of this year, the group’s total investment was 30 trillion dong, or 23 percent of the year’s target. The group also reviewed and suspended 12 ongoing projects and relaxed the tempo of 44 investment projects capitalized at over 7.25 trillion dong. – Vietbiz24

Posted by VBN on May 5 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry