PetroVietnam nine-month crude exports rise 12 percent

Vietnam Oil & Gas Group, the state-owned explorer and distributor known as PetroVietnam, said crude oil exports in the first nine months rose 12 percent from a year earlier to 11.7 million metric tons.

Crude oil shipments in the nine-month period have already met 97 percent of the full-year target, the Hanoi-based company said in an e-mailed statement Wednesday.

PetroVietnam in June set a target of 12.05 million tons for 2009. The company now plans to ship 13.14 million tons of crude oil and condensate this year, the statement said.

Nine-month sales exceeded VND186 trillion ($10.4 billion), accounting for 88 percent of the full-year forecast, according to the statement.

The company has supplied 1.13 million tons of crude oil to the Dung Quat refinery in the central Quang Ngai province since it started operations in February, PetroVietnam said in the statement.

thanhnien, Bloomberg

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