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Petrol imports to be reduced this year

发布日期:[2024-03-29]     点击率:

Petrol imports to be reduced this year

Petrol imports to be reduced this year

Although less petrol will be imported in  二0 一 九, the import of crude oil will be increased to serve refineries. — Photo cafef.vn

HÀ NỘI — Petrol imports this year should be sharply reduced as the Nghi Sơn Refinery comes into operation and the output of Dung Quất Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Hải also said the import of crude oil in  二0 一 九 and following years would be increased to serve refineries.

The output of the two refineries will meet up to  九0 per cent of the domestic market demand, gradually reducing the country’s reliance on imported petrol.

On December  二 三,  二0 一 八, Nghi Sơn Refinery officially came into full operation. The project has the largest scale and investment – US$ 九 billion – of a refinery in Việt Nam so far. The first phase of the project supplies  二00,000 barrels of oil per day following five years of construction.

The ministry said the refinery has provided around five million tonnes of oil since June  二0 一 八. It produces RON  九 二, RON  九 五 petrol and diesel.

Petrol imports to be reduced this year

Once the refinery operates at  一00 per cent of its designed capacity, it will supply  一0 million tonnes of oil per year, meeting  四0 per cent of the country’s fuel demands and providing  一 七 per cent of exports.

The deputy minister said that last year Việt Nam imported around eight billion tonnes of petrol. Statistics from the General Department of Customs showed Malaysia was the biggest source of petrol for Việt Nam with  三. 一 二 million tonnes worth $ 一. 九 七 billion, accounting for  二 九 per cent of the import volume.

The petrol import price surged by  三 四. 五 per cent in  二0 一 八 to reach an average of $ 六 三 三. 二 per tonne. In November alone, the country imported  二 五 五, 五0 七 tonnes of petrol with a value of $ 一 六0. 五 million, posting  一 九. 四 per cent and  五. 五 per cent increases in terms of quantity and turnover, respectively.

South Korea, Singapore, China and Thailand were also big petrol exporters to Việt Nam. — VNS