PVN exports 355 million tonnes of crude oil in 30 years
The Vietnam National Oil and Gas Group (PVN) has exported 355 million tonnes of crude oil, worth 145 billion USD, since the shipment of its first barrel from Bach Ho field in April 1987.
Oil rigs of VietsovPetro Joint Venture in operation at Bach Ho Oil Field. (Photo: VNA)
Hanoi (VNA) – The Vietnam NationalOil and Gas Group (PVN) has exported 355 million tonnes of crude oil, worth 145billion USD, since the shipment of its first barrel from Bach Ho field in April1987.
The PVN today not only ships crude oil abroad but alsosupplies oil for Dung Quat Refinery in central Quang Ngai province.
The firm has extracted 7.48 million tonnesof crude oil, both locally and overseas, in the first half of 2017, bringinghome 3.17 billion USD.
Of the amount, 3.04 million tonnes has beenprovided to Dung Quat Refinery, exceeding the plant’s designed capacity.
According to the state-run group, a barrelof crude oil earns Vietnam 54.4 USD on average during the period, higher thanthe expected rate of 50 USD and global prices.
Crude oil prices are projected to hoveraround 46 – 50 USD per barrel in the remaining months of this year, loweringthe entire year’s average to about 50 USD per barrel.-VNA
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Oil rigs of VietsovPetro Joint Venture in operation at Bach Ho Oil Field. (Photo: VNA)
