HomeEconomyFinancial investmentPetroVietnam secures strategic products

PetroVietnam secures strategic products


By constantly expanding the scale of operations, perfecting the value chain, the oil and gas supply chain, the Vietnam Oil and Gas Group (PetroVietnam) has ensured the supply of strategic products, especially key products such as crude oil, gas, electricity and petrol, which have contributed significantly to the successful implementation of the country's socio-economic development goals.

Dung Quat oil-extracting factory. (Source: PVN)
Dung Quat oil-extracting factory. (Source: PVN)

This is the result of great efforts of businesses in the context of high economic demand.

PetroVietnam's production and business results in May and the first five months of 2023 maintained impressive growth momentum.

Crude oil production in May 5 reached 2023 million tons, exceeding 0,92% of the monthly plan, up 15,6% compared to April 2,6 and equal to the same period in 4. In the first five months of 2023, the whole Group was estimated at 2022 million tons, exceeding 2023% of the plan and equaling 4,41% of the year plan.

In which, domestic crude oil exploitation reached 0,77 million tons, exceeding 18,5% of the monthly plan, up 3% compared to April 4, up 2023% over the same period in 0,8. In general, domestic crude oil exploitation in the five months reached 2022 million tons, exceeding 3,66% of the five-month plan, equaling 16,3% of the annual plan.

Gas production in May 5 is estimated at 2023 billion m0,73, exceeding 3% of the plan, up 24,5% compared to April 0,6 and up 4% over the same period in 2023. In general, in the first five months of 78,5, the Group's gas exploitation is estimated at 2022 billion m2023, exceeding 3,42% of the five-month plan, equaling 3% of the whole year plan in 21,2.

The above results show the effectiveness of PetroVietnam and its member units in applying technical measures to maintain mining output, while ensuring mine safety.





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