By Dat Nguyen March 24, 2021 | 11:00 am GMT+7 vnexpress
Tam Dao 03 oil rig off Vietnam’s eastern coast. Photo by VnExpress/Quoc Huy.
Vietnam’s crude oil export is plunging, partly because of depleting resources. An industrialist says the situation can only improve after new fields come online in several years.
Crude exports volume from January 1 to February 15 this year fell nearly 50 percent year-on-year to 354,700 tonnes, according to Vietnam Customs.
Most of Vietnam’s oil and gas fields have been harnessed for over 20 years ago and run their course, said Hoang Ngoc Trung, deputy director of Petrovietnam Exploration Production Corporation Ltd.
