Petrovietnam profits triple in H1

Average crude oil prices in the period doubled to $66.8 per barrel and nearly 50 percent higher than the company’s projection.

Some analysts have forecast crude oil prices would continue to rise in the second half this year, reaching up to $100 a barrel.

Apart from oil prices, recovery of both domestic and global markets have helped increase PVN revenues from fuel and gas.

The company is recovering and will soon return to its pre-pandemic level, CEO Le Manh Hung said.

The company has vaccinated around 10,000 staff to limit disruption in its operation.