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14/12/2020 17:00 GMT+7
Once a big oil and coal exporter, Vietnam has become an importer of the materials in increasingly high quantities.
The Ministry of Investment and Planning reported that crude oil exports are declining, while imports of oil have been increasing rapidly.
Vietnam now has two oil refineries – Dung Quat Oil Refinery and Nghi Son Petrochemistry Complex.
The former, with the capacity of 6.5 million tons of crude oil a year, began operation in 2010. Its input material is light sweet crude oil from the While Tiger oil field, mixed with oil with similar characteristics imported from the US and Nigeria.
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