Vietnam's crude oil export rises

Jun 25, 2004 02:00 AM

Vietnam is estimated to export over 9.7 mm tons of crude oil worth $ 2.4 bn in the first six months of this year, up 12.6 % in volume and over 20 % in value against the same period last year.
The country's stronger exploitation of crude oil and the higher world prices of the local product, which is mainly exported to the United States, Singapore, Japan and Britain, contributed to the increase, according to the Ministry of Trade.

Vietnam plans to exploit nearly 23.4 mm tons of crude oil, of which 17.5 mm tons valued at $ 4.5 bn will be shipped abroad, it said.
To realize the target, the country is calling for more foreign investment in exploring and exploiting oil and gas.

Vietnam is estimated to import over 5.4 mm tons of petroleum products worth $ 1.5 bn in the first half of this year, year-on-year rises of 5 % and 21 %, respectively.
Vietnam pumped out roughly 21 mm tons of crude oil in 2003, and exported nearly 17.2 mm tons of the product worth $ 3.8 bn, posting respective increases of 10.5 % and 1.7 % over the previous year, according to the General Statistics Office.

Source: Xinhua News Agency
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