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Since 1992, Vietnam Oil &
Gas expo has been the premier international exhibition with over 8000
professional visitors every year. The last
Vietnam Oil and Gas Expo 2006 opened in Hochiminh City on 12-14 October.
The three-day expo attracts 116 companies, producers and suppliers from 23
countries and regions, including UK, France, USA Norway, China, Korea,
Japan and Denmark etc. Two hundred booths on an area of 5,000 sqm introduce
various kinds of equipment in the fields. It is also attracted over 4400
qualified trade visitors who are in the related industries.
This year 2009 the 8th
Vietnam Saigon Electricity Expo is the jointly international
event by PetroVietnam, Vietnam Chamber of Commerce and
Industry Vietnam Exhibition Conference & Advertisement Joint Stock
Company and CP Exhibition – Hong Kong. This event is supported by the Vietnam Ministry of Industry
and Trade, local and international
organizations. |
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Vietnam oil and gas industry is ranks the
fourth in oil production among Southeast Asian countries. To date
Vietnam’s oil and gas industry has produced almost 220 million tons of
crude oil and 37 billion cubic meters of natural gas bringing a turn over
of US$ 53 billion and contributing US$ 30 billion to the State’s budget.
Till December 2007, the industry has attracted approx. US$ 5.8 billion of
foreign capital for exploration and production. (Source: The Ministry of
Foreign Affairs of Denmark, “The Oil And Gas Industry”, by Erik Ovesan -
Export Advisor, 24/03/08).
Vietnam’s first downstream Dung Quat oil refinery in central Quang Ngai
province will begin operating in February 2009. In May 2008, the opening
ceremony for second oil refinery to be operational by 2013, with
attracting capital investment of US$ 6.2 billion, targeted capacity of up
to 10 million tons per year, its located in Thanh Hoa province, this is
the biggest project between PETROVIETNAM, Japan and Kuwait. PETROVIETNAM
is now preparing for its third refinery project in Long Son district of Ba
Ria-Vung Tau province. (Source: downstreamtoday.com, “Vietnam Breaks
Ground On $6B Refinery”, by AFX News Limited, 07/04/08).
The Vietnam Government, PETROVIETNAM together with foreign investors will
actively invest in the infrastructure such as harbour, petroleum port
system, gas pipeline, and gas consumption projects such as LPG, gas-fired
power plants, fertilizer plants, etc. to develop the gas market, petroleum
refining, petrochemical, petroleum trading and distribution, expansion and
development of petroleum services to build an integrated petroleum
industry. The total investment needs for 2006-2025 period for the
petroleum sector are projected at US$ 30 billion, in which the investment
from partners is about US$ 14 billion. (Source: Vietnam National Oil and
Gas Group, “PETROVIETNAMs development strategy to 2015 and orientation
toward 2025”).
Overall the Vietnamese oil and gas industry is a promising potential. As
indicated, there is a need for future investments in both upstream and
downstream production in order to tap the country’s recourses effectively.
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