For the first time in the past 5 years, the coefficient of oil and gas reserves (between increasing reserves and production) has reached 1.19 times - ensuring a safe level for the Group’s sustainable development. Total oil production in the fi rst 6 months reached 10.73 million tons, surpassing 432,000 tons of oil regulation (exceeding 4.2%) in the 6-month plan and equal to 52.7% of the yearly plan, of which: Oil production in the first 6 months reached 5.92 million tons, exceeding 432,000 tons (exceeding 7.9%) in the 6-month plan. Gas production reached 4.81 billion m3, equaling 100% of the 6-month plan and 49.4% of the yearly plan; Electricity production reached 10.9 billion kWh, equaling 98.7% of the 6-month plan and 50.5% of the yearly plan; Nitrogen production in the first 6 months reached 962,400 tons, exceeding 114,800 tons (exceeding 13.5%) for the 6-month plan and equaling 61.6% of the year plan; Petrol and oil production in the whole 6 months reached 6.4 million tons, equaling 96.3% of the 6-month plan and equaling 54.2% of the yearly plan.

With positive results from production and business, PVN’s financial results have many positive results. The total revenue in the first 6 months of 2020 is VND 283,500 billion, contributing to the State budget is VND 32,000 billion.

KeyFacts Energy: PetroVietnam Vietnam country profile