Vietnam crude oil output to fall 10 pct a year through 2025
Wednesday, October 24,2018
AsemconnectVietnam - Vietnam's crude oil output is expected to fall by 10 percent a year through to 2025 due to declining reserves at existing fields, Vietnam Oil and Gas Group, or PetroVietnam, said on Wednesday.
The state-run firm said a lack of funds had kept it from boosting its exploration activities.
"The rise in recoverable reserves has slowed to an alarming rate, affecting the sustainability of the development of Vietnam's oil and gas industry," the company said in a statement on its website.
In April, PetroVietnam said tensions in the South China Sea would hurt its offshore exploration and exploitation activities this year.
Vietnam's crude oil output in 2018 was expected to fall 14.7 percent to 11.3 million metric tonnes, or 227,130 barrels per day, the government said in March.
Source: Reuters
Vietnam's coffee exports slow in Q1 as domestic prices rise
Vietnamese businesses updated on India’s new foreign trade policy
Reference exchange rate up 2 VND on April 7
Bac Giang hastens public investment projects, industrial parks
Bac Giang province boosts farm produce sales
Resolution on oil, gas sector to fuel Ba Ria - Vung Tau’s growth
Vietnam eyes 30 billion USD in food, food stuff exports annually
Vietnam exports 1.7 million tonnes of rice in Q1
DAILY: Vietnamese pepper prices remained unchanged on April 7
DAILY: Vietnamese coffee prices decreased by 300 VND on April 7
Industrial production index fell in Q1
Labour market continues recovering in Q1
Rice market update: Vietnam's ST25 rice exported to the Republic of Vanuatu
DAILY: Vietnamese pepper prices remained unchanged on April 6
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...
