A PVT Hera tanker (Source: pvn.vn) Hanoi (VNA) – The pre-tax profit of the PetroVietnam Transportation Corporation(PVTrans) hit 540 billion VND in the first nine months of this year, 42 percenthigher than the same period last year and meeting the target set for this year.
Its totalrevenue reached 5.7 trillion VND (247.8 million USD) which is expected to riseto 7 trillion VND this year. Its member companies such as Pacific, GasShipping, NVTrans, and PVTrans OFS successfully fulfilled their revenue andprofit targets.
PVTransattributed the growth to favourable conditions at home and abroad. During theperiod, crude oil prices in the world market moved up to 70-80 USD per barrel.
Inparticular, the Dung Quat Oil Refinery is working stably, while Nghi Son Oil Refineryholds plans for commercial production in November 2018.
Since earlythis year, PVTrans and member units have transported batches of crude oil byvery large crude carrier (VLCC) and output products to the Nghi Son OilRefinery.
It alsoinvested in PVT Hera – the largest Aframax tanker in Vietnam, and a carrier ofliquefied petroleum gas (LPG) for oil transportation in international markets.
In order tofulfil the set targets this year, PVTrans will continue investing in a Supramaxvessel with a capacity of nearly 60,000 DWT, two LPG carriers, and a tanker ofchemicals.
It has alsopaid attention to governance, inspection, supervision, and risk mitigation. –VNA
Its totalrevenue reached 5.7 trillion VND (247.8 million USD) which is expected to riseto 7 trillion VND this year. Its member companies such as Pacific, GasShipping, NVTrans, and PVTrans OFS successfully fulfilled their revenue andprofit targets.
PVTransattributed the growth to favourable conditions at home and abroad. During theperiod, crude oil prices in the world market moved up to 70-80 USD per barrel.
Inparticular, the Dung Quat Oil Refinery is working stably, while Nghi Son Oil Refineryholds plans for commercial production in November 2018.
Since earlythis year, PVTrans and member units have transported batches of crude oil byvery large crude carrier (VLCC) and output products to the Nghi Son OilRefinery.
It alsoinvested in PVT Hera – the largest Aframax tanker in Vietnam, and a carrier ofliquefied petroleum gas (LPG) for oil transportation in international markets.
In order tofulfil the set targets this year, PVTrans will continue investing in a Supramaxvessel with a capacity of nearly 60,000 DWT, two LPG carriers, and a tanker ofchemicals.
It has alsopaid attention to governance, inspection, supervision, and risk mitigation. –VNA
VNA
