Saturday, 25 April 2009

Vietnam's April crude output down 2 pct from March

HANOI, April 24 (Reuters) - Vietnam's crude output this month was expected to fall 2 percent from March to 345,500 barrels per day (bpd), a government report said on Friday.

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.

(Reporting by Nguyen Nhat Lam; Editing by Alan Raybould)

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