The Vietnam National Oil and Gas Group (PetroVietnam) will exploit five more oil fields in order to meet the yearly target of 23 million tonnes of oil for this year, said General Director Phung Dinh Thuc.
The Vietnam National Oil and Gas Group (PetroVietnam) will exploit fivemore oil fields in order to meet the yearly target of 23 million tonnesof oil for this year, said General Director Phung Dinh Thuc.
Atan online meeting on July 5, PetroVietnam General Director Thuc affirmedthat PetroVietnam’s exploration of oil and gas in the East Sea istotally within the area of Vietnam’s sovereignty and jurisdiction rightsand within Vietnam’s continental shelf and exclusive economic zone.
Inthe first half of the year, PetroVietnam achieved a turnover of 340trillion VND (16.6 billion USD), representing 68 percent of the yearlyplan and a 45 percent year-on-year increase, said Thuc.
PetroVietnam’sstrong growth was attributable to turnover from oil sales of 6.05billion USD, a year-on-year rise of 49 percent, as oil rose by 34 USDper barrel from 2010 to 115 USD on the world market, he added.
Revenues from oil and gas services reached 94 trillion VND, up 38 percent from the same period last year.
PetroVietnamis set to turn out three products in the remaining six months, namelythe first ever 90m jack-up rig, fibre products for textile and garmentindustry and ethanol products, he said./.
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