Vietsovpetro targets 5.1 million tonnes of crude oil in 2015

The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set a production plan of exploit 5.1 billion tonnes of crude oil in 2015, grossing a total revenue of USD3.9 billion.

The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set a production plan of exploit 5.1 billion tonnes of crude oil in 2015, grossing a total revenue of USD3.9 billion.

To realise this target, Vietsovpetro will work to drastically curtail costs by limiting the leasing of ships, helicopters and oilrigs and increasing their organisation capacity, said Tu Thanh Nghia, General Director of Vietsovpetro.

Vietsovpetro targets 5.1 million tonnes of crude oil in 2015

Vietsovpetro targets 5.1 million tonnes of crude oil in 2015. (Photo: VNA)

The venture will push up the installation of underground cable and transformer stations providing electricity to further reduce costs.

In addition, it will enhance scientific and technological application and encourage technical innovations to improve the efficiency of production activities.

Last year, Vietsovpetro extracted 5.36 million tonnes of crude oil, far exceeding its annual target of 260,000 tonnes and generating USD4.34 billion in revenue./.

VNF/VNA

Insider

Committee for Foreign NGO Affairs Visits and Works in the US Friendship

Committee for Foreign NGO Affairs Visits and Works in the US

The delegation of the Committee for Foreign Non-Governmental Organization Affairs (COMINGO) led by Phan Anh Son, vice president - general secretary of VUFO, vice chairman of the COMINGO visited and worked in the United States from September 20-28. The visit aims to promote Vietnam-US relations, strengthen cooperation in humanitarian aid and development assistance for Vietnam particularly.
14:21 | 28/09/2022
Phiên bản di động