Vietnam National Oil and Gas Group ( PetroVietnam) produced some 2.8 million tons of petroleum in the first seven months of 2014, down 27.6 percent year on year, said Vietnam's Ministry of Industry and Trade (MoIT) on Wednesday.
According to a report by MoIT updating the production activities of Vietnam's energy sectors including electricity, oil, gas and coal, mineral, in July alone, a total of 340,400 tons of petroleum was made by PetroVietnam, a decrease of 41.3 percent year on year.
Output of exploited crude oil in July reached 1.4 million tons, bringing the total January-July figure to 9.8 million tons, up 1.4 percent year on year.
The group produced 6.2 billion cubic meters of natural gas in the January-July period, up 3.3 percent year on year, while the output of liquefied petroleum gas during the period hit 365,500 tons, down 10.7 percent year on year, Vietnam Business Forum, an online newspaper under Vietnam Chamber of Commerce and Industry, quoted the report as saying.
Earlier in mid-July, PetroVietnam released a report on its production and trading in the first half of this year. In the six- month period, the total revenue of the group hit 380 trillion Vietnamese dong (18 billion U.S. dollars), up 21.7 percent year on year, accounting for 57 percent of the whole year's estimates.
http://www.neurope.eu/article/petrovietnam-produces-28-mln-tons-petroleum-7-months