Vietnam Petroleum Demand Rises 4% to 15 Million Tons in 2009
Vietnam consumed an estimated 15 million tons of petroleum products in 2009, up 4% from a year earlier, according to the Ministry of Industry and Trade.
The ministry said that the country produced nearly two million tons of the petroleum products and imported 13 million tons of the products.
This year, Vietnam’s petroleum consumption is forecast to rise to 16.3 million tons.
The Southeast Asian nation may produce 5.88 million tons of the products in 2010.
Vietnam’s first oil refinery Dung Quat, which has been operational since last Feb. 22, had produced a total of 1.5 million tons of products, supplied 1.4 million tons of products to the domestic, earned revenues of VND21.5 trillion (US$1.163 billion) last year.
The plant, located in the central province of Quang Ngai, targets to buy 5.2 million tons of crude oil to refine into 4.75 million tons of products. (Youth)
Tags: Vietnam Petroleum, Vietnam Petroleum Demand
Posted by VBN on Feb 4 2010. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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