PVEP enjoys over 14.3 trillion VND in six-month revenue
The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of 14.35 trillion VND (623.59 million USD) in the first six months of 2021, equivalent to 144 percent of its target.
Oil and gas platforms in Bach Ho oil field(Photo: VNA)
Hanoi (VNA) – The PetroVietnam Exploration Production Corporation (PVEP) reportedrevenue of 14.35 trillion VND (623.59 million USD) in the first six months of2021, equivalent to 144 percent of its target.
Inthe first half of this year, the firm, a subsidiary of the Vietnam Oil and GasGroup (PetroVietnam), enjoyed over 2 trillion VND in after-tax profit.
Itpaid more than 3.63 trillion VND to the State budget, equivalent to 151 percentof its target.
Accordingto the firm, in the period, it exploited 1.78 million tonnes of oil equivalent, reaching106 percent of its goal, along with 493 million cu.m of gas, competing 96percent of its target./
PetroVietnam Exploration Production Corporation (PVEP) said it has rolled out measures synchronously to stabilise production and combat the COVID-19 pandemic, thus ensuring safety for its employees and oil and gas projects.
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has surpassed all of its business goals in the first quarter of 2021, with contribution to the State Budget particularly 41 percent higher than the year’s plan.
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), contributed nearly 2.3 trillion VND (99.8 million USD) to the State budget in the first four months of 2021, or 43 percent higher than the set plan.
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Oil and gas platforms in Bach Ho oil field(Photo: VNA) 
