Under the ministry’s request, the two firms have to ensure quick petroleum delivery to customers which have signed contracts. The firms were also instructed to provide petroleum products from their reserves to localities facing shortages.

 

Nghi Son Refinery and Petrochemical LLC


At a meeting with the Ministry of Industry and Trade on Wednesday, a representative from Nghi Son Refinery and Petrochemical LLC said that the company had reduced its capacity in the first quarter of this year. But since the second quarter, operations had improved, ensuring supply. While in the third quarter, the firm’s petrol capacity has surged. So Nghi Son could meet its contracts.

Bui Ngoc Duong, general director of Binh Son Refining and Petrochemical Joint Stock Company, said to date, the firm had fulfilled 83 percent of the year target. It has also ensured maximum supply for the domestic market.

According to the Deputy Minister of Industry and Trade Do Thang Hai, domestic supply now can ensure 70-80 percent of local demand. However, petroleum businesses have been facing losses for a long time. He noted that it is necessary to consider policies to assist them, including the preferential interest rate offer.

HCM City and some southern localities are reporting fuel shortages with hundreds of petrol station having to close. The HCM City Department of Industry and Trade said at a recent meeting that the city is facing difficulties in fuel supply due to import interruptions of some local firms and the transportation being affected by the recent storms and floods in the central region.

Source: Dtinews