Petrovietnam posts 19-billion-USD revenue in H1

The Vietnam National Oil and Gas Group (PetroVietnam) posted a total revenue of 482.3 trillion VND (19 billion USD) in the first six months of 2024, up 15% over the same period of last year. The group's total oil and gas output in the period reached 4.38 million tons of oil equivalent. Except electricity production reaching 95.9% of the target, all remaining key production activities of PVN exceeded their 6-month plans by between 2.7- 33.1%, and increased by between 1.4-21.8% year-on-year. The group contributed some 71.1 trillion VND to the State budget, up by 5% over the same period in 2023. Source: Vietnam News Agency