Vietnam likely to import 300,000 tonnes of gasoline

Vietnam is likely to have to import 300,000 tonnes of gasoline in the near future to meet the domestic demand as the Dung Quat oil refinery will be fully shut down for inspection for two to three weeks from March 23, the online newspaper Tuoitre reported on March 22, citing Nguyen Hoai Giang, general director of Binh Son Refinery and Petro‐ Chemical Co., the company that runs the plant.

Vietnam National Petroleum Corporation (Petrolimex), the biggest customer of Dung Quat Oil Refinery, always ensures enough fuel supply for domestic market,Vuong Thai Dung, deputy general director of Petrolimex confidently said.

Petrolimex currently holds a 60 percent share of Vietnam’s retail oil product market.

Military Petroleum Company also said that there will not exist a shortage of petrol due to its enough inventory as it has purchased around 13,000 tonnes from Dung Quat Oil Refinery each month.

From its start, Dung Quat Oil Refinery has supplied 8.5 million tonnes of petrol and fulfilled 30 percent of domestic consumption, helping to stabilise the domestic petrol prices. – Stoxplus.com

Tags: Vietnam gasoline

Posted by VBN on Mar 25 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry