Vietnam to Use 14 Million Tons of Oil in 2009

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Feb. 2 – Vietnam is forecast to consume an estimated 14 million tons of petrol and oil in 2009, reports the Ministry of Industry and Trade.

The figure is a 1 million ton rise compared to 2008. By mid-February when the Dung Quat oil refinery is expected to be operational, the imported volume of petrol and oil will drop to 12 million tons.

The ministry has also pushed for fertilizer, chemical and oil and gas sectors to expedite the operation of the Ninh Binh, Bac Giang and Ca Mau nitrogenous fertilizer projects and operate the other existing plants to guarantee a 0.95 million ton supply of urea for agricultural production.

The country will use 7.8 million tons of fertilizers this year while producing 0.93 million tons of urea and importing 0.75 million tons.