WTI Crude •10 mins	46.09	+1.18	+2.63%
Brent Crude •11 mins	48.86	+0.25	+0.51%
Natural Gas •10 mins	2.937	-0.024	-0.81%
Mars US •5 hours	46.26	+0.80	+1.76%
Opec Basket •2 days	45.51	+0.76	+1.70%
Urals •8 days	39.60	+0.00	+0.00%
Louisiana Light •2 days	46.11	+1.80	+4.06%

	Louisiana Light • 2 days	46.11	+1.80	+4.06%
	Bonny Light • 1 day	48.12	+0.24	+0.50%
	Mexican Basket • 2 days	42.65	+1.58	+3.85%
	Natural Gas • 10 mins	2.937	-0.024	-0.81%
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Marine •1 day	47.83	+2.06	+4.50%
Murban •1 day	48.57	+2.14	+4.61%
Iran Heavy •1 day	45.48	+0.09	+0.20%
Basra Light •1 day	50.90	+0.94	+1.88%
Saharan Blend •1 day	47.20	+0.12	+0.25%
Bonny Light •1 day	48.12	+0.24	+0.50%

	Bonny Light • 1 day	48.12	+0.24	+0.50%
	Girassol • 1 day	49.47	+0.08	+0.16%
	Opec Basket • 2 days	45.51	+0.76	+1.70%
OPEC Members Monthly
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Canadian Crude Index •3 days	33.28	+0.54	+1.65%
Western Canadian Select •24 hours	34.01	+1.85	+5.75%
Canadian Condensate •24 hours	43.91	+1.85	+4.40%
Premium Synthetic •24 hours	45.31	+1.85	+4.26%
Sweet Crude •24 hours	39.91	+1.85	+4.86%
Peace Sour •24 hours	37.91	+1.85	+5.13%

	Peace Sour • 24 hours	37.91	+1.85	+5.13%
	Light Sour Blend • 24 hours	39.91	+1.85	+4.86%
	Syncrude Sweet Premium • 24 hours	40.51	+1.85	+4.79%
	Central Alberta • 24 hours	37.91	+1.85	+5.13%
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Louisiana Light •2 days	46.11	+1.80	+4.06%
Domestic Swt. @ Cushing •1 day	42.00	+0.75	+1.82%
Giddings •1 day	35.75	+0.75	+2.14%
ANS West Coast •3 days	45.28	+0.77	+1.73%
West Texas Sour •1 day	39.66	+0.80	+2.06%
Eagle Ford •1 day	43.61	+0.80	+1.87%

	Eagle Ford • 1 day	43.61	+0.80	+1.87%
	Oklahoma Sweet • 1 day	42.00	+0.75	+1.82%
	Kansas Common • 2 days	35.25	+2.00	+6.02%
	Buena Vista • 2 days	48.65	+1.85	+3.95%
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Vietnam receives $95 million loan to build Vung Ang power plant

By Joao Peixe - Aug 14, 2011, 10:09 AM CDT

The Japanese Bank for International Corporation and the Sumitomo Mitsui Banking Cooperation are providing a $95 million loan Vietnam National Oil and Gas Group (PetroVietnam) to build the Vung Ang Thermal Power Plant No. 1 in Ha Tinh province under a credit contract signed on 11 August.
Â
The Vung Ang Thermal Power Plant No. 1, to be built in Ky Loi commune of Ky Anh district, will have a power generating capacity of 1,200 megawatts and projected to come online between July 2012 and January 2013, VietnamPlus news agency reported. When fully operational, the Vung Ang Thermal Power Plant No. 1 will generate 6.64 billion kilowatt hours annually for the national grid, helping ease the countryâ€™s chronic power shortages.

Our months ago a consortium of five foreign banks agreed to provide a $904 million loan towards helping Vietnam upgrade its electrical power generating capacity. The consortium members include HSBC, the China Development Bank, the Bank of Tokyo-Mitsubishi UFJ, Credit Suisse and Italy's Intesa SanPaolo.
Â
Japan and Vietnam have agreed that Japan will continue to support nuclear energy expansion in Vietnam by building two nuclear power plants. The two countries agreed in October 2010 that Japan would build two reactors by 2021 and Vietnam plans to build 14 nuclear power plants by 2030 to meet the nationâ€™s rapidly growing demand for electricity.

By. Joao Peixe, Deputy Editor OilPrice.com

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