AsemconnectVietnam - Vietnam's crude oil output in June is estimated at 1.26 million tonnes (308,000 barrels per day), a drop of 14.3 percent compared with last year, the government said on Tuesday.

Actual crude oil output in May was revised to 1.29 million tonnes from an earlier estimate of 1.28 million tonnes, the General Statistics Office said in its 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 the first six months this year are estimated at 3.57 million tonnes, or 144,000 bpd, a decline of 23 percent compared with 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           

June 2016 

Jan-June 2016   

*Change y/y   

Targets 2016

 Crude oil        

1,260,000      

7,880,000          

-6.1      

16.03 mln

 Coal             

3,906,900     

21,731,200           

3.0      

40.12 mln

 Natural gas           

0.96           

5.66           

5.9           

9.72

 LPG                 

59,400        

403,200          

11.3        

987,000

 Electricity           

84.3          

11.5          

159.1

315.5           

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.