Home Economy

PetroVietnam exploration arm surpasses oil and gas target

Jun 28th at 13:40
28-06-2013 13:40:48+07:00

PetroVietnam exploration arm surpasses oil and gas target

The PetroVietnam Exploration and Production Corp (PVEP) tapped 1.8 million tonnes of oil and 701 million cu.m of gas in the first half this year, surpassing its targets by 6 per cent and 17 per cent respectively.

In the period, PVEP also signed two new oil and gas contracts with domestic partners and put four new oil fields into operation.

In the remaining half of this year, PVEP needs to make every effort to complete its output targets.

This could be a challenge for the corporation because reserves in existing fields are falling sharply while new, smaller fields are likely to fall behind schedule.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Macro economy recovery in sight
ECONOMY Jun 28th at 13:34

Macro economy recovery in sight

The macro economy has started showing signs of recovery with growth seen in most industries in the year’s first half, but such achievements are still fragile...

Viet Nam, India to target untapped trade potential
ECONOMY Jun 27th at 13:19

Viet Nam, India to target untapped trade potential

 India and Viet Nam have yet to exploit their vast business potential despite the excellent bilateral ties for more than 40 years, a meeting heard in HCM City...

Localities to report on FDI projects
ECONOMY Jun 27th at 10:34

Localities to report on FDI projects

The Ministry of Planning and Investment has ordered all localities to send reports on their foreign-direct-investment (FDI) projects worth at least US$100 million...

City to revoke licences for 100 projects
ECONOMY Jun 27th at 10:29

City to revoke licences for 100 projects

The government of HCM City has decided to take back land and licences it had given to more than 100 development projects.

Seafood standards earn Aus importers' approval
ECONOMY Jun 27th at 10:27

Seafood standards earn Aus importers' approval

A visiting top Australian importer of seafood on Tuesday appreciated Vietnamese seafood's high quality, saying it conformed to Australia's food and safety standards.

City outlines garment ambition
ECONOMY Jun 27th at 10:18

City outlines garment ambition

Authorities in HCM City plan to double the garment and textile industry's export turnover by 2015 over the 2010 figure of US$3.3 billion.

FIEs no longer required to re-register operations
ECONOMY Jun 26th at 14:07

FIEs no longer required to re-register operations

The National Assembly (NA) last week passed a one-page bill amending Article 170 of the Enterprise Law in a way that saves some 3,000 foreign-invested enterprises...

The shirt gets tighter for fashion manufacturers
ECONOMY Jun 26th at 14:05

The shirt gets tighter for fashion manufacturers

Vietnamese fashion brands have got worn out in the rivalry with the word’s famous brands -- to scramble the cake worth $3 billion.

Unable to go bankrupt, businesses turn to crimes
ECONOMY Jun 26th at 14:03

Unable to go bankrupt, businesses turn to crimes

A lot of businesses which cannot declare bankruptcy, have become the “zombies” which operate under disguised marks, cheat partners and evade tax.

Exports down for farm, forest, seafood goods
ECONOMY Jun 26th at 13:37

Exports down for farm, forest, seafood goods

The value of farm, forest and seafood exports declined year-on-year by 1.7 per cent to reach US$13.53 billion in the first half this year, according to the Ministry...

Read More

MOST READ

Back To Top