PetroVietnam reported crude oil output of 10.84 million tonnes in 2022, flat from a year earlier and 24% above its official target, Vietnam’s Ministry of Industry and Trade said.
The state-owned oil firm’s output includes 8.98 million tonnes from domestic fields and 1.86 million tonnes from foreign fields, the ministry said in a statement on Tuesday, adding that its gas output rose 8.3% to 8.08 billion cubic metres.
PetroVietnam’s revenue rose 48% last year to 931.2 trillion dong ($39.72 billion), a record high, the ministry said, adding that pre-tax profit rose 59% to 82.2 trillion dong.
In 2023, PetroVietnam will seek to expand its exploration and production activities and speed up its Block B Gas Project and the project to upgrade and expand its Binh Son refinery, its chairman Hoang Quoc Vuong said in a statement.
Vuong, however, said the company will face challenges this year, including a low increase in proven oil reserves, a strong global energy transition trend boosted by the Russia-Ukraine conflict and hurdles in implementing its investment projects.
Projects to develop Block B Gas and Blue Whale Gas complexes and expand Binh Son refinery “are facing difficulties and delays and need support measures from the authorities,” he said, without elaborating.
Không thể sao chép