In the past eight months, the country’s export turnover of crude oil has reached USD4.6 billion and the average price of crude oil for the whole year is estimated to be USD60 per barrel (down 42 percent/barrel compared to last year).

PetroVietnam plans to tap into 15 million tonnes of crude oil by 2010, export 9.43 million of tonnes, supply 5 million tonnes to the Dung Quat oil refinery in the central province of Quang Ngai and exploit 0.59 million tonnes overseas. PetroVietnam will work with its contractors to carry out exploration projects both inside and outside of the country, mostly focusing on Africa, America and South East Asia.