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 26 Apr 2009

Vietnam's crude output seen slipping 2% from March

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Vietnam's crude output this month was expected to fall 2 percent from March to 345,500 barrels per day (bpd), Reuters quoted a government report as saying.

The General Statistics Office revised up its estimate of crude output last month to 352,550 bpd from 340,500 originally reported.

January to April crude oil exports, one of Vietnam's main cash earners along with textiles and footwear, are estimated to have risen 20.2 percent to 5.54 million tonnes but that would be down 44.7 percent in value to $1.98 billion due to lower world prices.

State oil monopoly Petrovietnam has forecast average oil output this year would rise 5 percent from 2008 to about 341,400 bpd thanks to new oilfields.















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