Intro4u2u

The Vietnamese government said on Tuesday that crude oil production in the next two years

would total 32.36 million tonnes, or about 340,000 barrels per day, up from around 325,000

bpd this year.

Deputy Prime Minister Hoang Trung Hai has asked state oil monopoly Petrovietnam to meet the

target by stepping up crude production both at home and abroad including projects in

Venezuela and Russia, the government said in an energy report.

Hai also had asked Petrovietnam to produce 16 million cubic metres of natural gas in 2009

and 2010, and complete three oil refineries by 2013 as part of a plan to reduce oil product

imports.

Vietnam’s first refinery, the 140,000-bpd Dung Quat plant, is expected to come onstream in

February next year, the report said.