Vietsovpetro fulfills yearly plan ahead of schedule

The Vietnam-Russia Petroleum Joint Venture (Vietsovpetro) said it has fulfilled its 2008 exploitation plan one month ahead of schedule, with a total output of 7.1 million tonnes of crude oil.

Vietsovpetro General Director Tran Le Dong said on December 2 that the JV plans to tap 600,000 more tonnes of oil in the remaining days of the year.

By November 30, Vietsovpetro had raked in over 6 billion USD from crude oil export, an 82.6 percent increase over its plan.

It also fulfilled its yearly turnover target in early July and finished an annual plan of bringing ashore gas from the Bach Ho oilfield in November.

Source: VNA