TIẾNG VIỆT PetroVietnam's Jan.–April crude oil production reaches 7.2mln tons, beating target
A PetroVietnam worker seen working at oil rig. Photo courtesy of PVN
The State energy firm produced 7.03 billion kWh, 601,600 tonnes nitrogen, and 4.53 million tons petroleum, all surpassing its targets, company said in a posting.
The petroleum consumption began to grow in April as the volume of consumed petroleum of the group’s units in the month rose by 3.6-17.6% against March.
Due to a significant reduction in the world’s oil prices, the group's oil price during January-April was averaged at around $48 per barrel, much lower than the planned price of $65 per barrel.
As a result, PetroVietnam's revenue in the period reached only VND203.9 trillion ($8.83 billion), and its State budget contribution be VND24.1 trillion (over $1 billion).
► Binh Son Refinery reports almost $100mln loss in Q1 on virus, low oil price
► Vietnam’s State energy firm’s 1Q profit falls 51% from a year earlier
