Vietnam Crude Oil Exports Estimated Down 2.4% to 13.416MT in 2009
Vietnam is estimated to have exported 13.416 million metric tons of crude oil valued at US$6.21 billion in 2009, down 2.4% from a year earlier in terms of volume and down 40% in value, the government’s General Statistics Office (GSO) said.
The Southeast Asian country has shipped abroad 756,000 metric tons of crude oil worth US$443 million in December, up 14.89% and up 8.04% on-month, respectively, the office said.
Crude oil is now Vietnam’s second largest forex earner, representing 10.97% of the country’s export revenues this year, the GSO said.
The country’s crude oil exports are projected to decrease by 28.2% to 9.43 million metric ton next year to feed its first oil refinery Dung Quat.
The US$3.054-billion plant in the central province of Quang Ngai is expected to consume 3.5 billion tons of crude oil to produce 2.6 million tons of products this year. (GSO)
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