Business

MoIT urges guaranteed fuel supply amid Nghi Son refinery’s troubleshooting

The Ministry of Industry and Trade (MoIT) has sent an urgent dispatch to the Vietnam Oil and Gas Group along with petrol and oil businesses and traders, requesting them to ensure petrol and oil supply amid an output decline at the Nghi Son oil refinery in early January due to a technical incident.
MoIT urges guaranteed fuel supply amid Nghi Son refinery’s troubleshooting ảnh 1A refill station in Can Tho city (Photo: VNA)
Hanoi (VNA) – The Ministryof Industry and Trade (MoIT) has sent an urgent dispatch to the Vietnam Oil and Gas Group along with petrol and oil businesses and traders, requesting them to ensure petrol and oil supplyamid an output decline at the Nghi Son oil refinery in early January due to atechnical incident.

The Nghi Son refinery, based in centralThanh Hoa province and run by the Nghi Son Refinery and Petrochemical Co. Ltd, isone of the two plants providing 80% of petrol and oil for the Vietnamesemarket. Its residual fluid catalytic cracking (RFCC) unit has been temporarily shut for fixing a leakage problem.

The problem is predicted to lead to areduction of 20 - 25% in the refinery’s planned petrol and oil output on thefirst 10 days of January, according to the MoIT.

TheMoIT asked the Nghi Son company and the Binh Son Refining and Petrochemical JSC,which operates the Dung Quat oil refinery in central Quang Ngai province, to maximisetheir capacity and use stockpiles or other sources to make up for thereduction.

The Nghi Son company was also told toquickly fix the problem and stabilise production activities.

Meanwhile, petrol and oil wholesalerswere demanded to seek alternative supply sources and increase import so as toguarantee sufficient supply before, during and after the Lunar New Year (Tet)holiday in late January and through to the end of the first quarter, according tothe dispatch./.
VNA
#Ministry of Industry and Trade #fuel supply #Vietnam Oil and Gas Group #petrol #oil #Nghi Son oil refinery #Nghi Son Refinery and Petrochemical Co. Ltd #Dung Quat oil refinery #updated Vietnam news #Vietnamplus #Vietnam News Agency
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