eFinance Online – In the regular press conference organized by the Ministry of Trade and Industry in November 2012, it was informed by the Ministry leaders that investment values over 11 months had reached VND 71,000 billion, equal to 88% of its plan and 69% of the year’s plan. By reaching the revenue of VND 479,755 billion over 11 months, Vietnam National Oil and Gas Group (PVN) basically achieved target of the year 2012.
Particularly, through many safe and stable exploitation activities at new-operated mining/projects in 2013 as well as at the local and overseas mines, total oil output is estimated to reach 2.3 million tons in November and 23.75 million tons after 11 months which increased 10.1% over the same period.
In term of production, over 11 months of 2012, PVN has put into operations 6 mining projects as follows: Red Orchid (October 7), White Lion (September 16), H4 White Rhinoceros rig mine (July 06), White Bear (August 25), and the West Khosedaiu mine in Nhennhexki (July 29), as well as welcomed the first barrel at Junin 2 in Venezuela (September 27).
In term of investment, over 11 months of 2012, PVN has signed 4 new petroleum contracts (3 local and 1 overseas). Particularly under stable operations of Dung Quat Oil Refinery, petroleum production was estimated to reach 440 thousand tons and 4.84 million tons in total over 11 months, which equal to 99.1% over the same period. Consumption of petroleum products from the beginning of the year until 23 November was 4.43 million tons.
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