Vietnam Sees Oil Output in 340,000 Barrel Range for ‘Few Years’
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Vietnam is likely to maintain its current oil production level of about 340,000 barrels per day “for the next few years,” according to an official from state-owned Vietnam Oil & Gas Group.
Vietnamese oil production rose 10 percent last year to 348,000 barrels per day, the highest level of output for the country since 2006, according to figures from BP Plc. Vietnam has the second-highest level of oil reserves in East Asia, with its 4.4 billion barrels exceeded only by China, based on BP estimates.