PetroVietnam targets to reach 35pct revenue from services

Vietnam Oil and Gas Group (PetroVietnam) on March 30 summarised the operation efficiency of 2011 and launched missions for 2012.

Accordingly, the group reportedly reached record revenue of petroleum services at over 270 trillion dong, equalling to 30.8 percent of total revenues – higher than the strategic plan (25-30 percent).

Especially, to the end of 2011, PetroVietnam and its affiliates built up a petroleum service supply system with total asset value of around 140 trillion dong or $6.7 billion.

This year PetroVietnam’s revenue from petroleum services is expected to account for 30-35 percent of total revenue.

 

Category: Business