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Vietnam Nov crude oil output seen 12.7 pct down y/y at 960,000T

Vietnam’s crude oil output in November is estimated at 960,000 tonnes, dropping 12.7 percent from a year ago, the government said on Thursday.

Crude oil output in the January-November period fell 11.9 percent from a year earlier to 10.99 million tonnes, the General Statistics Office (GSO) said in a report.

Vietnam’s January-November crude oil exports were seen plunging 42.5 percent year-on-year to an estimated 3.6 million tonnes, bringing crude oil export revenue in the period down an estimated 20.4 percent to $2.1 billion, GSO 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         Nov '18  Pct chg     Jan-Nov  Pct chg    Targets
                           (y/y)         '18    (y/y)        '18
 Crude oil      960,000    -12.7  10,992,000    -11.9  13.23 mln
 Coal         3,546,701     -0.2  38,123,382      9.6        N/A
 Natural gas       0.85     16.4        9.14      1.7        9.6
 LPG             76,370     12.5     821,505     22.4        N/A
 Electricity       17.1      8.3       190.8      9.4        N/A

NOTE: Crude oil and natural gas 2018 targets by Vietnam’s state oil and gas group PetroVietnam. Other targets will be updated once available.

Source: Reuters (Reporting by Mai Nguyen; Editing by Rashmi Aich)

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