Supply & Demand

PetroVietnam produces 22.1 mtoe so far this year

PetroVietnam’s oil and gas production hit 22.1 mt of oil equivalent in the first 11 months of 2018, surpassing its target by 5.4%
By Staff reporter 12 December 2018 0 33657

PetroVietnam’s oil and gas production hit 22.1 mt of oil equivalent in the first 11 months of 2018, surpassing its target by 5.4%, according to Vietnam News.

PetroVietnam is on track to meet its target for the year as a whole. The higher production has helped boost revenues to $23.32 billion, exceeding the company’s target by 16.8%.

The firm contributed $4.64 billion to Vietnam’s state budget in the first 11 months of the year.