Oil and gas services set a record of raking in
152.5 trillion VND in revenues in 2010, representing a year-on-year increase of
58 percent and accounting for 32 percent of the Vietnam National Oil and Gas
Group (PetroVietnam)’s total turnover.
The information was announced by PetroVietnam leaders at an on-line press conference in Hanoi on January 4.
The record affirmed the sustainable development of the oil and gas sector from oil and gas exploration and exploitation and ensuring materials for domestic production, petrochemical products for oil and gas services, said PetroVietnam Deputy General Director Le Minh Hong.
Hong said in 2010, PetroVietnam recorded a total production output of 24.41 million tonnes of oil in equivalent, including 15.1 million tonnes of crude oil and 9.4 billion cu.m of gas.
The group discovered seven new oil and gas fields and put into operation five of them as well as increased its oil and gas reserves to 43 million tonnes.
With these results, PetroVietnam fulfilled all of its targets set for 2006-2010 with an average revenue growth rate of 28 percent per year, tripling the figure of the 2001-2005 period, he noted.
According to PetroVietnam Chairman Dinh La Thang, in 2011, the group plans to invest 5-6 billion USD in development investment activities with 30 percent sourced from the group and the remainder coming from various sources, including loans.
The group set a target of producing 23.2 million tonnes of oil in equivalent, earning 486 trillion VND in revenues during the year.
It will kick off construction on major projects, including the Long Phu 1, Song Hau 1, Thai Binh 2 and Quang Trach 1 thermoelectricity power plants and the Nghi Son Oil Refinery, Thang said.
Together with its projects in the country such as the Dung Quat Oil Refinery and the Polypropylene production factory, PetroVietnam also expanded investment in Russia , the Republic of Korea and Japan./.
(VNA)
