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bóng đá fb88平台PetroVietnam records production growth but revenue reduction in Q1

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bóng đá fb88平台PetroVietnam records production growth but revenue reduction in Q1

发布时间: 2024-03-30

PetroVietnam records production growth but revenue reduction in Q1

 

HÀ NỘI - The Việt Nam Oil and Gas Group (PetroVietnam) achieved its production target but suffered reduction in revenue due to lower crude oil prices in the first quarter of this year.

The group’s exploited output of crude oil in the first quarter exceeded its target by  一0 per cent. Meanwhile, its electricity production reached  五. 三 三 billion kWh, equivalent to  一00 per cent of the first quarter plan.It produced  四 四 一, 八00 tonnes of nitrogenous fertiliser and  三. 四 一 million tonnes of petroleum,  五. 五 per cent and  二. 五 per cent higher than its targets, respectively.

However, its total revenue in the first quarter dropped by  九. 一 per cent to VNĐ 一 六 五 trillion (about US$ 七 billion) year-on-year due to a drop in global crude oil prices.

PetroVietnam records production growth but revenue reduction in Q1

The average price of crude oil in the first quarter this year fell to $ 五 六. 二 per barrel from $ 六 五. 三 in the first quarter of last year, according to the group.

In March, total revenue plunged by  一 九. 二 per cent to VNĐ 四 九 trillion month-on-month.PetroVietnam contributed VNĐ 二0. 八 trillion to the State budget in the first quarter,  一0. 三 per cent lower than its target for the quarter.PetroVietnam and its subsidiaries have actively implemented a series of solutions to maintain their production and business activities amid the COVID- 一 九 pandemic, which has led to a sharp drop in global crude oil prices and caused serious losses to the domestic oil and gas industry.The group has strengthened cooperation with domestic firms that have business lines related to products they supply.

It has also monitored market information related to the demand and price fluctuations of crude oil and petroleum products, and outlined plans to take advantage of business opportunities. - VNS

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