Vietnam Exploits 1.44 Million Tonnes Of Crude Oil In January

Vietnam is estimated to have exploited 1.44 million tonnes of crude oil in the first month of 2013, up 1.4% on year, according to the Ministry of Industry and Trade (MoIT).

Natural gas production reached 930 million cubic metres, an increase of 0.9% compared to December 2012 and a year-on-year rise of 27.3%, while liquefied petroleum gas production was 67,000 tonnes, up 1.2% compared to December 2012.

The Dung Quat Oil Refinery has operated stably, producing 580,000 tonnes of product, up 0.2% compared to last December and represented an increase of 2.3% over the same period last year.

In January, the Vietnam National Oil and Gas Group signed an EPC contract for the Nghi Son Refinery and Petrochemical Complex in central Thanh Hoa province. The group also focused on preparations for the projects that will be put into exploitation in 2013, including Hai Su Den and Hai Su Trang, Thang Long, Hai Thach – Moc Tinh, BK 17, and SVNE oil fields.

MoIT’s statistics also show that the electricity industry remained stable with power output in January estimated at 9.8 billion kWh, an increase of 25.7% compared to January 2012.

Coal production in the same month saw an on-year increase of 10.6% with 3.7 million tonnes exploited. Coal consumption was posted at 3.2 million tonnes, of which coal exports reached 800,000 tonnes.

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