Abstract
Viet Nam’s economic growth rate is forecast to be averaging 6% annually. To meet economic growth targets, petroleum supplies will need to grow about 50% faster than GDP (electricity supplies will have to grow 80% faster). Petroleum demand will triple to around 15-17 million tones per annum and natural gas use grow to 7.5 billion cubic meters/year over the next decade. To meet these targets, annual investments in exploration alone will be about $120m-$m170. Investments required for oil and gas exploration would be at least $600 million. Additional investments of $1.1-2.3 billion would be needed to build refineries. Adding other investments necessary to ensure access to the latest technologies, total investments of the magnitude of $1 billion a year will be required for the energy sector...Pages:
14
Type:
Case
Date Published:
Jul 21, 2001
Language:
English
Author:
David Dapice,
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