Petrovietnam exceeds yearly targets for State price range contribution, pre-tax revenue

Hanoi (VNA) – Within the first 9 months of this yr, the State price range contribution and the pre-tax revenue of the Vietnam Oil and Gasoline Group (Petrovietnam) exceeded the targets it set for the entire yr.

The group’s state price range contribution and the pre-tax revenue have been estimated at 102.4 trillion VND ( 4.2 billion USD) and 42.5 trillion VND, exceeding the yearly targets by 31% and 22%, respectively.

Its whole income was estimated to hit 575.8 trillion VND, equal to 85% of the yearly plan, and before-tax revenue was estimated to exceed the goal for the entire yr by 8%.

Within the interval, Petrovietnam exploited 7.85 million tonnes of crude oil, 14.1% increased than the deliberate quantity and accounting for 84.6% of the yearly goal.

The group’s nine-month fuel output reached 5.76 billion cubic metre, 11% increased than the deliberate quantity for the interval and accounting for 72.1% of the determine deliberate for the entire yr.

It produced 17.55 billion kWh, exceeding 1.2% of the plan, up 45.6% over the identical interval in 2022, and 1.3 billion tonnes of nitrogen, exceeding 5.2% of the plan however down 4.8% yr on yr.

Petrovietnam’s nine-month income reached 643.2 trillion VND, exceeding 26% of the goal set for the interval and equal to 95% of the yearly plan.

Concerning funding actions, the group drastically eliminated bottlenecks to place many key tasks and works into operation. The Thai Binh 2 thermal energy plant was commissioned on April 27, 2023, easing strain on electrical energy provide. Testing on the Dai Hung Nam-4X appraisal nicely has produced constructive outcomes, with a movement of about 6,350 barrels per day and 4.5 million cubic ft of fuel per day, assembly situations for business growth and operation quickly.

The group can be making ready to inaugurate the 1 million tonne Thi Vai LNG terminal – the primary and largest LNG terminal in Vietnam, whereas accelerating tasks together with Nhon Trach 3 and 4 thermal energy vegetation, and O Mon 3 and O Mon 4 energy plant tasks.

As of September 30, the group’s whole consolidated belongings are estimated to succeed in 998 trillion VND and its model worth reached almost 1.4 billion USD, 3 times increased than that of 2019 with a model power index at AA-.

Petrovietnam is among the many Prime 10 most useful manufacturers in Vietnam (Model Finance) and leads probably the most worthwhile enterprises in Vietnam in 2023 (PROFIT 500 – Vietnam Report)./.

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