The first six months of 2019: PetroVietnam submitted to state budget 53.3 trillion dongs

On 17^th July 2019 in Hanoi, PetroVietnam organized Conference on building Communist Party, and business operation in six first months of the year, implementing in the last six months of 2019.

The conference.

Mr. Canh.X.Pham – Member of PetroVietnam’s Council of Member reported on activities of Communist Party Standing Committee and the result of building the Party in the first six months and implementing in the last six months of 2019.

According to the report on the implementation of the business plan for the first 6 months of 2019, the plan for the last 6 months of the year was presented by the Deputy General Director – Mr. Hoa.X. Nguyen at the Conference. He reported that PetroVietnam has basically completed well the planned targets and tasks in the first 6 months of 2019.

Specifically, exploration and exploration work is implemented according to the plan; 6-month electricity production reached 11.52 billion kWh, exceeding 246 million kWh (≈ 2.2% higher than the 6-month plan and equaling 53.3% of the yearly plan); 6-month protein production reached 705.8 thousand tons, exceeding 71 thousand tons (≈ 11.2% higher than the 6-month plan), equaling 44.8% of the yearly plan; Petroleum production of the whole 6-month Group reached 5.66 million tons, exceeding 48 thousand tons (≈ 0.9% higher than the 6-month plan), equaling 49.8% of the yearly plan.

Deputy General Director – Mr. Hoa.X.Nguyen reported on the reports of implementing business and production plans in the first six months of 2019, and plans for the last six months.

With the completion of basically exceeding the production targets, the Group also fulfilled the financial targets with the total revenue of the Group in the first 6 months of the year reaching 365.5 trillion VND, exceeding 18.0% compared to the 6-month plan, equal to 60% of the annual plan. Submitting to the State Budget of the 6-month Group reached VND 53.3 trillion, exceeding 15.0% of the 6-month plan and equaling 61.0% of the yearly plan

The work of safety and maintaining the regime of 24/24 hours in holidays and Tet is strictly implemented by oil and gas contractors and units; communication work was maintained smoothly, all units in the Group kept the normal production and business pace.

PVEP General Director – Mr. Viet.Q.Tran reported at the conference.

PV Gas General Director – Mr. Son.M.Duong reported at the conference.

General Director of PetroVietnam – Mr. Hung. M.L spoke at the conference.

Secretary of State Business – Mr. Y Thanh Ha Niê Kđăm gave address at the conference.

Mr. Y Thanh Ha Nie believed that PetroVietnam will fulfill the targets and tasks in the last 6 months of the year, thereby best fulfilling the targets and plans for the whole year of 2019, effectively contributing to the economic and social growth of the country.

Mr. Thanh.S.Tran – Chairman of PetroVietnam spoke at the conference.

T. Ngoc - H.Anh - M.Loan