PVN exploits 15 million tonnes of oil

By 4.55pm on December 27, the Vietnam National Oil and Gas Group (PVN) achieved its yearly target of exploiting 15 million tonnes of oil.

From now until December 31, the group expects to exploit 1 tonne of oil every two minutes.

It’s likely that PVN’s revenue in 2011 will reach VND672,000 billion-more than half of the total amount recorded by state-owned groups.

Under the Government’s 2012 plan, the group will have to produce 15.8 million tonnes of oil and 9 billion cu.m of gas.

vov

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