USD 63.6336

-0.13

EUR 70.9196

-0.25

BRENT 59.57

-0.03

AI-92 42.28

0

AI-95 46.05

+0.01

AI-98 51.7

-0.05

Diesel 46.26

+0.01

19

Japan To Develop Vietnamese Field

Nippon Oil Corp. has begun development of an oil field offshore Vietnam

Japanese oil firm Nippon Oil Corp. said on Thursday that it has begun development of an oil field offshore Vietnam.

The Phuong Dong is expected to start commercial production at the end of September 2008.

The output at initial stages is expected to be 23,000 barrels per day of oil equivalent, the company said in a statement.