Make Kitco Your Homepage
more news

Vietnam's Sept crude oil output seen down 9 pct at 1.3 mln T
HANOI, Sept 29 (Reuters) - Vietnam's crude oil output in September is estimated at 1.3 million tonnes (318,000 barrels per day), down 9.1 percent from a year earlier, the government said on Thursday.

Actual crude oil output in August was 1.2 million tonnes, higher than the previously estimated 1.17 million tonnes, 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 what is produced by Indonesia, the sole OPEC member in Southeast Asia.

The country's crude oil exports during January-September are estimated at 5.19 million tonnes, or 139,000 bpd, down 25 percent from the corresponding period in 2015, the government said. The following table updates production figures for Vietnam's key energy items this month.

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

OUTPUT Sept 2016 Jan-Sept 2016 *Change y/y Targets 2016 Crude oil 1,300,000 11,610,000 -7.8 16.03 mln Coal 3,444,800 30,404,800 1.8 40.12 mln Natural gas 0.66 7.98 2.2 9.72 LPG 66,300 610,600 13.2 987,000 Electricity 15.0 130.9 11.4 159.1

NOTE: For 2016 targets: Crude oil target by the Ministry of Industry and Trade, natural gas and LPG by PetroVietnam Gas (PV Gas), electricity (including domestic output and purchases) by state utility Vietnam Electricity group; coal by state mining group Vinacomin.

PV Gas supplied 70 percent of the domestic LPG market last year.

* Change for the nine-month period

(Reporting by Ho Binh Minh; Editing by Subhranshu Sahu)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
kitco news

Follow Kitco News

Precious Metal Charts