Tuesday, March 27, 2007

Commodity output figures for March

Coal production possibly rose 2% year-on-year to 3.67 million tons this month but its crude oil output is likely to have fallen 9.3% to 1.33 million tons, the Vietnamese government said.

Coal exports in March were estimated at 2.8 million tons valued at $86 million, up 4.8% and 59.3% respectively, the General Statistics Office (GSO) reported Monday.

Natural gas production is estimated at 740 million cubic meters in March, up 19.2%.

The GSO forecast a 23.9% fall in liquefied petroleum gas output to 23,900 tons this month.

Vietnam, Southeast Asia’s third largest crude oil exporter, is expected to have exported 1.28 million tons of crude this month, a 14.2% decrease, it said.

Imports of oil products in March are projected to have risen to 1 million tons valued at 483mio US$.

The country plans to reduce export of fossil fuels like crude oil and coal from 2008 to ensure sufficient supplies for oil refineries and energy-thirsty industries like electricity and cement.

Source: Thanh Nien

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