Vietnam to import 1mln tons of petrol and oil from jul 15

Vietnam will have to import 1 million starting from July 15 when Dung Quat Oil Refinery shuts down for a 2-month maintenance

Vietnam will have to import 1 million starting from July 15 when Dung Quat Oil Refinery shuts down for a 2-month maintenance, the online newspaper VnExpress quoted Nguyen Hoai Giang, General Director of Binh Son Refining and Petrochemical Co. Ltd (BSR), the facility’s operator on June 15.

The remaining petrol capacity of around 170,000 tons as shutting down is only enough for domestic consumption in one week, Giang said.

The plant is planned to come back to operate on September 15. However, the bidders and the operator are trying to narrow the maintenance time by 10 days compared the plan.

In the related news, the Ministry of Finance (MoF) announced that Vietnam fuel firms have to keep the retail prices unchanged and raise fuel stabilization fund by VND100 per liter of petrol, effective from June 10. Also, the diesel and kerosene are taxed by 5% each from 0%, the online newspaper VnExpress reported on June 9, citing the MoF. – Stoxplus.com

Tags: Vietnam Petroleum, Vietnam petroleum imports

Posted by VBN on Jun 15 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