well received oil expeller model in vietnam

   
well received oil expeller model in vietnam
                                               
                                               
                                               
                                               
  • well received oil expeller model in vietnam
Will Vietnam become a top middle distillate export outlet?

South Korean refiners indicated that Vietnam would likely remain one of their top middle distillate export outlets at least until Vietnam manages to achieve 100% oil products and chemicals self-sufficiency. South Korea has traditionally been Vietnam's biggest oil products supplier over the past two decades.

Why is crude oil a major source of revenue in Vietnam?

In the 2000¨C2008 period, crude oil was the primary source of Government revenue, as it contributed about 25¨C30% to the state¡¯s budget collection, as well as being the leading commodity in Vietnam's export turnover. From 2009 onwards, the decline of crude oil production began, and its contribution to the State budget narrowed to 15%.

How will oil price shock affect Vietnam?

According to the US Energy Information Administration (EIA), oil demand will reach 96.58mn barrels per day by end-FY21 and total supply will be 95.44mn barrels per day, resulting in a shortage of 500k barrels per day in 2022 and over 1mn barrels per day in 2023. II. Oil price shock¡¯s impacts on Vietnam¡¯s Oil and Gas (cont¡¯d.)

How much crude oil will Vietnam produce in 2025?

It is projected that the total crude oil output produced by Vietnam will be around 3¨C5mn tons in 2025. In the 2000¨C2008 period, crude oil was the primary source of Government revenue, as it contributed about 25¨C30% to the state¡¯s budget collection, as well as being the leading commodity in Vietnam's export turnover.