Premium
Vietnam unveils ambitious oil and gas plans
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.321203.x
Subject(s) - downstream (manufacturing) , production (economics) , petroleum industry , fossil fuel , petrochemical , oil refinery , refining (metallurgy) , oil production , petroleum engineering , natural resource economics , engineering , business , economics , waste management , operations management , chemistry , environmental engineering , macroeconomics
Vietnam has announced a series of plans to increase oil production and to establish a refining and petrochemical industry. At the same time, it is proposing to develop a series of gas discoveries. Many of the developments are ambitious, as is the timetable. Oil production is supposed to rise by over 50% within 2‐3 years whilst gas is set to more than double by 2015. Some of the developments may prove too ambitious within the timescale proposed, particularly those in the downstream sector.