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Vietnam's estimated crude oil output in Oct down 3.3% on year to 1.26 mil mt

Increase font size  Decrease font size Date:2014-10-29   Views:443
Vietnam was estimated to produce 1.258 million mt (297,456 b/d) of crude oil in October, 3.3% lower than a year earlier, according to data Monday from the General Statistics Office.

The country was estimated to export 680,000 mt of crude oil in October, down 7.7% from October last year.

During January-October, Vietnam was estimated to produce 12.58 million mt of crude oil, down 0.5% from the same period last year.

Part of the country's crude oil output is consumed by its sole 130,000 b/d refinery at Dung Quat, with the remainder being exported.

Dung Quat also processed some imported crude oil but the import volumes varied month by month, a source with knowledge of the matter said last week.

It was estimated to export 7.52 million mt of crude oil in the first ten months of this year, up 5.4% year-on-year.

Meanwhile, Vietnam was estimated to produce 723.3 million cubic meters of natural gas in October, up 8.4% from a year earlier, the GSO said.

During January-October, the country was estimated to pump 8.36 billion cubic meters of natural gas, up 3.4% year-on year.

State-owned PetroVietnam, through its gas arm PV Gas, supplies natural gas to meet over 40% of Vietnam's electricity and 70% of its fertilizer consumption.
 
 
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