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Vietnam’s March estimated crude oil output down 6.4pc yy

Vietnam’s March estimated crude oil output down 6.4pc y/y

HANOI: Vietnam’s crude oil output in March is estimated at 1.32 million tonnes (312,000 barrels per day), down 6.4 percent from a year ago, the government said on Friday.

Actual output in February was revised up to 1.28 million tonnes, from an initial estimate of 1.24 million tonnes, or the same as February last year, the General Statistics Office said in its monthly report.

Vietnam, Asia’s third-largest holder of crude oil reserves after China and India, produces an average 350,000 bpd on an annual basis, or around 40 percent of that by Indonesia, the sole OPEC member in Southeast Asia.

The country during January-March exported an estimated 1.76 million tonnes of crude oil, or 142,000 barrels per day (bpd) and a fall of 19.8 percent from the same period last year, the government said

The following table updates production figures for Vietnam’s key energy items this month.

Unit: oil, coal and LPG in tonnes; natural gas in billion cubic metres; electricity in billion kilowatt hours.

Copyright Reuters, 2016

Courtesy : BRecorder



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