Source: Bizzlive
With this result, PVN has fulfilled 74% of its annual revenue target. Vietnam Oil and Gas Group (PVN) has just released its business results for August and the first 8 months of 2014. In specific, as at the end of 08/2014, PVN has conducted the appraisal drilling at 21 wells. In 08/2014, PVN has put one more field into operation, i.e. Cendor II field in Block PM304 Malaysia. Overall in 8 months, PVN has put 05 new fields into production.
– Total production output of oil equivalent in August and the first 8 months reached 2.16 million tons and 18.25 million tons, respectively, completing 70% of the annual plan.
– Power generation in August and the first 8 months of 2014 reached 0.99 billion kWh and 10.54 billion kWh, respectively, completing 67.1% of the annual plan.
– Urea production in August and the first 8 months reached 149.1 thousand tons and 1.08 million tons, respectively, accounting for 71% of the annual plan. In specific, Phu My Fertilizer Plant produced 573.7 thousand tons, representing 107% of the plan; Ca Mau Fertilizer Plant produced 503.8 thousand tons, representing 102%.
– Petrol and oil production throughout PVN in August and the first 8 months of 2014 reached 580 thousand tons and 3.46 million tons, respectively, accounting for 75% of the annual plan. In that output, Phu My Condensate Plant and Dung Quat Oil Refinery produced 240 thousand tons and 3.21 million tons, respectively. Total production output of Dung Quat Oil Refinery in the first 8 months reached 3.48 million tons, representing 72% of the annual plan.
– Fiber, yarn production in August and the first 8 months reached 7.39 thousand tons and 22 thousand tons, respectively.
Total revenues of all member companies of PVN reached 492 trillion VND, completing 74% of the annual plan. The State Budget contribution of PVN reached 112 trillion VND, representing 80% of the annual plan.
