Vietnam will halt term exports of its flagship Bach Ho crude next quarter as it diverts supplies to its first major refinery, further tightening the Asia-Pacific market. For full story, click here
Drilling off Vietnam in an area freed for exploration by an agreement on sea boundaries with Indonesia shows signs of oil and gas and the existence of a working petroleum system. For full story, click here
Vietnam reported to have shipped 2.79 million tons of crude oil in the first two months this year, a year-on-year rise of 22.6 percent. For full story, click here
Vietnam’s first refinery, Dung Quat refinery, will open on Sunday. For more information, click here
Vietnam will cut imports of petroleum products by about 3 million metric tons next year as it seeks to curb the widening trade deficit. For full story, click here
Vietnam is estimated to post a jump of 53.3 percent in crude oil export value (YOY basis), despite a10.8-percent decrease in export volume, in the first eight months of this year. According to the country’s General Statistics Office: Between January and August, Vietnam is set to export nearly 9 million tons of crude oil worth roughly 7.9 billion [...]
US based Pacific Development Group is planning to construct an oil refinery capable of annually processing 10 million tons of crude oil in Vietnam’s southern Ca Mau province. Le Huynh Ky, director of the provincial Planning and Investment Department, said to Vietnam Investment Review : The group will sign a memorandum of understanding with Ca [...]
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