Vietnam likely to import 300,000 tons of gasoline

Vietnam is likely to have to import 300,000 tons of gasoline in the coming time 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,

Vietnam is likely to have to import 300,000 tons of gasoline in the coming time 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 PetroChemical 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% 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 tons from Dung Quat Oil Refinery each month.

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

Tags: Vietnam gasoline imports

Posted by VBN on Mar 22 2011. Filed under Import-Export, Import-Export turnover, 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