[INFOGRAPHIC] VIETNAM OIL AND GAS INDUSTRY REPORT Q3/2021

Vietnam’s Oil and Gas industry in Q3/2021 is still influenced by the world market in the context of the under-control pandemic and the global economic recovery. However, in contrast to the more prosperous developments of world supply and demand, the Vietnam Oil and Gas industry continues to face difficulties. The import and export of crude oil and natural gas both decreased in both volume and value over the same period; domestic demand for gasoline dropped as prices continued to escalate;…

 

Some industries are directly affected by high oil prices such as:

  • Power industry: if crude oil and natural gas prices continue to soar, electrification may become less competitive than other energy sources.
  • Fertilizer industry: The current increase in urea prices may not be able to compensate for the increase in input gas prices, which causes difficulties for producers.
  • Aviation fuel: In the complicated Covid-19 situation, it may be a big obstacle for domestic fuel consumption.

 

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Above is the information compiled from ‘VIETNAM OIL AND GAS REPORT Q3/2021’ made by VIRAC. The full report will provide customers with in-depth analysis information on the world oil and gas market, upstream-downstream of Vietnam as well as some forecasts.

For the full contents of the report, please leave your information here.

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