Rebecca Roberts, November 21, 2008; Vietnam begins Operating New Oil Field
According to GlobalOilWatch.com and Yahoo news in Vietnam they have started using their new oil field which promises to help boost crude oil prices by up to 21% by the end of this year. Currently in Southern Vietnam is producing 60,000 barrels of oil daily and with the new oil field they will be able to start producing 65,000 barrels daily.
If this news of the new oil field is not going to attempt to help the global economy then maybe knowing that in Vietnam there have been 2 other new locations with which can begin producing oil as soon as 2010. Last year alone Vietnam produced about 16 million tons of oil which is a daily average of 307,000 barrells a day. Next year Vietname is hoping to produce 17 million tons of oil to keep up with the need of crude oil.
http://news.yahoo.com/s/ap/20081120/ap_on_bi_ge/as_vietnam_oil_production
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