The Vietnamese side in the Vietnam – Russia oil and gas joint venture Vietsovpetro earned 722.3 million USD in profit in the first nine months of this year, surpassing the plan for the period by 22.7 percent.

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Meanwhile, the profit of the Russian side was 111 million USD.

The JV’s crude oil exploitation, natural gas production, and supply of gas to the inland also exceeded plans by 6.7 percent, 15 percent and 54.3 percent.

During the past nine months, the JV also performed services for many domestic and foreign partners, earning over 151 million USD.

In order to achieve the goal of tapping 3.1 million tonnes of crude oil and 117.79 million cu.m of natural gas, Vietsovpetro will take synchronous measures, including adopting advanced technology and ensuring safe operations of offshore facilities.

It will also launch emulation campaigns among workers and promote thrift and prevent wastefulness in every work area.