Key Market Indicators
By 2026, Vietnam's crude oil production is projected to reach 12,600 thousand tonnes of oil equivalent. That's a decrease of 1.2% per year on average since 1993. In 2021, Vietnam ranked 31st in the world, with 13,350 thousand tonnes of oil equivalent. Argentina overtook Vietnam to claim the 31st spot. Saudi Arabia, the United States and Iraq were the world's top three oil producers, respectively.
