Vietnam to pump more oil<\/p>\n
HANOI (DPA): Vietnam, the fourth largest oil exporter in
\nSoutheast Asia, aims to extract 17 million tons of crude oil in
\n2000, an increase of 2 million tons over last year, official
\nmedia reported Wednesday.<\/p>\n
State oil monopoly PetroVietnam's planned expansion, which
\nincludes increasing pumping capacity at existing offshore fields
\nand tapping into new wells, is set to boost the communist-ruled
\nnation's exports, which are routinely led by strong sales of
\ncrude.<\/p>\n
Last year Vietnam exported nearly all of its 15 million tons
\nof extracted crude, earning the state and its foreign partners
\nover $2 billion, according to Vietnam News.<\/p>\n
That was a 62.3 percent increase on 1998 earnings and made up
\n17 percent of the country's total export turnover.<\/p>\n
Hanoi has earned more than $10 billion from its exports of
\ncrude since the late 1970s when it first entered offshore oil
\npartnerships with the Soviet Union.<\/p>\n
About 90 per cent of exports still come from VietSovPetro, the
\npartnership between PetroVietnam and Russia's state-owned
\nZarubezhneft.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/vietnam-to-pump-more-oil-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}