PetrolVietnam records excellent revenue for year 2008
Tuesday, 30. December 2008, 10:53:46
PetrolVietnam exceeded its business plan for 2008. The Corporation announce today Dec 30 that, revenue of year 2008 reached 149.6% as planning at VND 280.05 trillion (USD 16.5 bln equivalent) account for 20% GDP of Vietnam.
PetrolVietnam recorded its revenue in 2008 increased by 31.2% compares to year 2007.
More crude oil in fiscal year 2009, consumers will have better offer for gasoline. Pic: Ships in Bach Dang River, Quang Ninh province.
Among the revenue, export turnover is USD 11.15 bln, reach 146.7% annual plan, a rise of 26.7% to year 2007. Petrolvietnam export turnover accounts for over 18% of total export turnover of Vietnam this year.
Export turnover increased due to world oil price soared up in year 2007. The average crude oil price in 2008 was USD 102/ barrel. However, Mr. Dinh La Thang, PetrolVietnam Chairman has to acknowledge that the exploiting plan of crude oil has not reached the plan.
Crude oil and condensate volume is 15 mln tons, 93.8% as planning and only equivalent to 94.3% volume exploited in previous year 2007. Crude oil export has not reach the plan for year 2008 either.
Total export volume is 14.66 mln ton, 93.7% of plan for 2008 and accounted for 93.3% of year 2007 volume only.
PetrolVietnam also set a business plan for year 2009 with exploitation volume of 16 mln tons for both crude oil and condensate, export volume is scheduled at 11.68 mln. ton./.
PetrolVietnam recorded its revenue in 2008 increased by 31.2% compares to year 2007.
More crude oil in fiscal year 2009, consumers will have better offer for gasoline. Pic: Ships in Bach Dang River, Quang Ninh province. Among the revenue, export turnover is USD 11.15 bln, reach 146.7% annual plan, a rise of 26.7% to year 2007. Petrolvietnam export turnover accounts for over 18% of total export turnover of Vietnam this year.
Export turnover increased due to world oil price soared up in year 2007. The average crude oil price in 2008 was USD 102/ barrel. However, Mr. Dinh La Thang, PetrolVietnam Chairman has to acknowledge that the exploiting plan of crude oil has not reached the plan.
Crude oil and condensate volume is 15 mln tons, 93.8% as planning and only equivalent to 94.3% volume exploited in previous year 2007. Crude oil export has not reach the plan for year 2008 either.
Total export volume is 14.66 mln ton, 93.7% of plan for 2008 and accounted for 93.3% of year 2007 volume only.
PetrolVietnam also set a business plan for year 2009 with exploitation volume of 16 mln tons for both crude oil and condensate, export volume is scheduled at 11.68 mln. ton./.
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