Vietnam Oil and Gas Group (PetroVietnam) held a ceremony to celebrate the early completion of important production and financial targets in 2023.
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| PetroVietnam leaders congratulated the Professional Committees. (Source: PVN) |
Vietnam Oil and Gas Group (PetroVietnam) has achieved all important production and financial targets by 2023 such as: Oil and gas exploitation output, increase in reserves, revenue, profit, payment to the state budget. water…
Speaking at the celebration ceremony on November 22, PetroVietnam General Director Le Manh Hung affirmed that the Group's achievement of reaching the early output and financial targets for 11 has contributed meaningfully to celebrating the 2023nd anniversary. Traditional Day of Vietnam Oil and Gas Industry (November 62, 27) aims to celebrate the 11th anniversary of the establishment of the Group's Party Committee along with major anniversaries of the Group.
According to General Director Le Manh Hung, in 2023, the oil and gas industry will operate production and business activities amid complex, increasing and unpredictable international geopolitical situations and the East Sea. Large fluctuations in supply and demand and prices of energy products will decline sharply compared to 2022, in which crude oil prices will decrease by 17-38%, fertilizer prices will decrease by 25-30%, and petrochemical refining profit margins will decline. 24-26%. In addition, global inflation remains high, demand for consumer goods has declined sharply...
However, with the close direction of the Government, the support of relevant ministries, departments and branches, along with the effective and timely promotion of experience in change management by the Group's Executive Board. , PetroVietnam has completed and finished ahead of the 2023 plan in most important production and business targets.
Specifically, in the field of oil and gas search, exploration, and exploitation, PetroVietnam has completed the target of increasing oil and gas reserves for the whole year 1 month and 10 days in advance (reaching 12 million tons of oil equivalent/year plan 8- 16 million tons of oil equivalent on November 20).
At the same time, PetroVietnam has made 2 new oil and gas discoveries at Block 16-2 (Hapa Vang -1X well) and at PM3-CAA (Bunga Lavatera-1 well). This is a very encouraging result, for the first time in the past 5 years when PetroVietnam had 2 new discoveries in one year.
Domestic oil exploitation output completed the full year plan 1 month and 18 days ahead when it reached 7,52 million tons on November 12. As of November 11, domestic oil exploitation output reached 21 million tons, exceeding 11% of the yearly plan, making an important contribution to the Group completing its oil exploitation plan (domestic and foreign). water) for the whole year when it reached 7,71 million tons on November 2,5 - 9,29 month and 21 days earlier than the whole year plan.
In the manufacturing sector, PetroVietnam's petroleum production output (excluding the output of Nghi Son Refinery) completed the whole year plan 2 months and 25 days ahead (reaching 5,53 million tons on June 6). /ten); 10 months of production reached 10 million tons, exceeding 6,08% of the yearly plan, up 10% over the same period in 6,0.
The Group's petroleum business output completed the whole year plan 2 months earlier (reaching 9,06 million tons on October 30. Vietnam Oil Corporation (PVOIL) completed the whole year plan of 10 million tons). tons 3,3 months in advance; Nghi Son Refinery and Petrochemical Products Distribution Branch (PVNDB) is expected to complete the whole year plan of 4 million tons 5,76 days in advance (on December 20-10), making an important contribution to Do not let any breakage occur, do not let there be a shortage of petroleum supply to serve the task of socio-economic development.
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| Total revenue of the entire Group completed the whole year plan 2 months and 20 days early (reaching 677,7 trillion VND on October 10). (Source: PVN) |
With the completion of production and business targets, PetroVietnam's financial targets reached the target 1,5 - 5 months early of the full year 2023 plan approved by the Government, the Committee for Management of State Capital at Enterprises, and the Board of Directors. Group assigned.
Specifically, submitting the entire Group's budget to complete the yearly plan 5 months early (reaching VND 78,3 trillion on July 30); 7-month implementation reached 10 trillion VND, exceeding 121% of the yearly plan. Consolidated profit of the entire Group completed the yearly plan 54 months early (reaching VND 4 trillion on August 34,7); 31-month implementation reached 8 trillion VND, exceeding 10% of the yearly plan.
Total revenue of the entire Group completed the whole year plan 2 months and 20 days early (reaching 677,7 trillion VND on October 10); 10-month implementation reached 10 trillion VND, exceeding 745% of the yearly plan. Total consolidated revenue of the Group completed the whole year plan 10 months and 2 days early (reaching VND 18 trillion on October 413,7); 12-month implementation reached 10 trillion VND, exceeding 10% of the yearly plan.
Total revenue of the Parent Company - Group completed the whole year plan 1 month and 15 days early (reaching 181,6 trillion VND on November 15); Profit before tax Parent company - Group completed the whole year plan 11 months early (reached 4 trillion VND on August 10,9); 31-month implementation reached 8 trillion VND, exceeding 10% of the yearly plan.
At the ceremony, the Group's leaders and the Vietnam Oil and Gas Trade Union honored and rewarded 7 Departments at the Parent Company - the Group with important contributions in the achievement of early achievement of output and financial targets. 2023.
