Crude oil exploitation output up 11.6pct y/y at 1.41m tonnes in Jan

As per the latest report from Vietnamese Ministry of Industry and Trade (MoIT), in the first month this year, petroleum sector ensured stable production and investment progress for projects and sufficient and timely supply of key products such as oil and gas, liquefied petroleum gas (LPG) to the local market during Lunar New Year (Tet) and crude oil supply for exports.

The total oil exploitation output was estimated at 2.12 million tonnes, of which, crude oil exploitation output was estimated at 1.41 million tonnes, up 11.6 percent on year (thanks to increase in overseas mining activities), LPG output was estimated at 65.200 tonnes, up 26.3 percent on year, and fuel of all types at 567,200 tonnes, up 11.2 percent on year and gas exploitation was estimated at 0.71 billion cubic metres, down 10.2 percent on year.

If considering the working duration in January 2012 (the month of Lunar New Year-Tet) against February 2011, the crude oil exploitation output increased 23.7 percent on year, LPG output surged 27.8 percent, fuel of all types up 11.8 percent and gas output up 6 percent.

 

Category: Business