PVN production has been exceeded the plan
09:16 | 10/11/2016
In 10 months, the production of other products also exceeded the plan: Gasoline production reached 5.62 million tons, exceeded 15.3% of 10MP and equal to 98.8% of YP, Electricity generation reached 17.66 billion kWh, exceeded 4.0% of 10MP and equal to 87.1% of YP. Nitrogenous fertilizer production reached 1.34 million tons, exceeded 3.0% of 10MP and equal to 85.2% of YP.
The financial targets have reached positive results in comparison with decreasing level of oil prices. Once comparing with operating price of the government in 2016 as US $ 45 per barrel, the financial targets of PVN exceeded 5-18% of 10MP.
PVN total turnover in 10 months reached VND 367.2 trillion, exceeded 5.0% of the 10 MP and equal to 84% of YP. The State budget payment reached VND 72.3 trillion, exceeded 6% of 10MP and equal 90% of YP. Total consolidated after tax profit reached VND 18.0 trillion, exceeded 11% of YP.
The report also showed that, the average price of crude oil in October of 2016 was US$ 52 per barrel, while the average level of 10 months was US$ 43.5 per barrel, equal to 96.7% of the government operating price (US$ 45 per barrel).
VietnamEnergy.vn