VIETNAM OIL AND GAS INDUSTRY
In 2018, worldwide verified oil reserves were estimated at 1,729.7 billion barrels; Concentrated mainly in the Middle East region (accounting for more than 48.3% of global oil reserves) .The global natural gas output reached 3,867.94 thousand tons, increasing by 5.2% compared to 2017. North America is currently leading in Natural gas output, accounting for 27.2% of the global output, reached 1,053.9 thousand blocks.
In Vietnam, in 2019, the whole oil and gas industry exploited 11.07 million tons of oil, only equal to 92% compared to 2018, the output of natural gas in the form of gas reached 10.2 billion m3, up 3% over the same period in 2018, Petroleum production reached 11.5 thousand tons, up 21.9% over the same period in 2018.
Vietnam's crude oil import volume was estimated at about 7.62 million tons with a value of about US $ 3,596 million, up 47.4% in volume and 31% in value over the same period in 2018.
In 2018, worldwide verified oil reserves were estimated at 1,729.7 billion barrels; Concentrated mainly in the Middle East region (accounting for more than 48.3% of global oil reserves) .The global natural gas output reached 3,867.94 thousand tons, increasing by 5.2% compared to 2017. North America is currently leading in Natural gas output, accounting for 27.2% of the global output, reached 1,053.9 thousand blocks.
In Vietnam, in 2019, the whole oil and gas industry exploited 11.07 million tons of oil, only equal to 92% compared to 2018, the output of natural gas in the form of gas reached 10.2 billion m3, up 3% over the same period in 2018, Petroleum production reached 11.5 thousand tons, up 21.9% over the same period in 2018.
Vietnam's crude oil import volume was estimated at about 7.62 million tons with a value of about US $ 3,596 million, up 47.4% in volume and 31% in value over the same period in 2018.
Table of Contents
AbbreviationsExecutive summary
1. Business Environment
2. World petroleum industry
3. Vietnam petroleum industry
4. Industrial Planning
5. Enterprise analysis
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Petrolimex
- PV Gas
- Binh Son Petrochemical Limited Company
- PV Oil
- PV Drilling
Methodology
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