Vietnam contemplates crude oil supply sources to cover long-term strategies
Oil producers are actively expanding crude oil supply sources domestically and internationally to support the shrinking supply in Vietnam.
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Oil producers are actively expanding crude oil supply sources domestically and internationally to support the shrinking supply in Vietnam.
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Given the tightening of crude supplies in the global market, the oil and gas drilling segment is in high demand, boosting the business prospects of upstream service providers.
The Q2 after-tax profits of companies listed on Vietnam’s three exchanges HoSE, HNX, UPCoM went down 12.9% year-on-year, according to leading broker VNDirect.
Contrasting Q2 results have been recorded across upstream, midstream and downstream firms in the Vietnamese oil and gas industry.