PetroVietnam's Seven Month Revenue at $11 bn

PetroVietnam’s revenue in the first seven months of 2016 was VND253 trillion ($11.3 billion).

Do Chi Thanh, company’s deputy general director, said the group exploited 10.32 million tons of crude oil and 6.56 billion cubic metres of gas in the first seven months, Vietnamnet reported on Wednesday.

In July, it produced 1.41 million tons of crude oil and 910 million cubic metres of gas.

Price of crude oil in July fell by $3 per barrel to touch $47 against June, Thanh said, adding that the average price of the product in the first seven months dropped by $18 year-on-year to reach $41.5 per barrel.

"The group expects to achieve its targets in production and business for this year, despite the reduction in crude oil prices in the world market," Vietnamnet quoted Thanh as saying.