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Petrolimex to buy oil products from Dung Quat refinery
Vietnam National Petroleum Corp., the state-owned company that handles most of the country’s fuel imports, will buy about 80,000 tons of oil products a month from Dung Quat, Vietnam’s first refinery, an official said.
Petrolimex, as the company is known, has signed an agreement with Vietnam Oil & Gas Group, known as PetroVietnam, to purchase 20,000 tons of gasoline, 25,000 tons of diesel and as much as 5,000 tons of kerosene in July, among the fuel products the oil trader is buying, Vu Thi Bich Ngoc, the head of market development at PetroVietnam, said in a phone interview.
The 148,000 barrel-a-day Dung Quat refinery, which started commercial operations in February, will meet a third of Vietnam’s fuel demand next year. The nation currently imports almost all of its oil products.
The oil trading company will buy refined products from Dung Quat plant from July until the end of this year, Ngoc said from Hanoi Monday, without elaborating on prices.
Petrolimex is seeking to import as much as 456,000 tons of oil products for delivery between July and September, a 9.6 percent drop from the previous quarter.
Dung Quat refinery will operate at full capacity starting August 25, PetroVietnam said in a statement on the government’s website.
The plant at Dung Quat Bay in the central province of Quang Ngai has shipped the first batch of 7,000 cubic meters of liquefied petroleum gas to be sold in the domestic market, the statement said.
It will sell about 7,000 cubic meters of 92-RON gasoline, the most common grade used in Vietnam, on July 8 and July 9.
Dung Quat has produced about 13,000 cubic meters of LPG and 20,000 cubic meters of 92-RON gasoline since commercial production started in February, according to the statement.
The plant will sell diesel, kerosene, and A1 jet fuel this month, the statement said.
thanhnien, bloomberg
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