Receiving IKC Representative Director and Executive Vice President of Idemitsu Kosan Atsuhiko Hirano in Hanoi on June 12, Deputy FM Vu commended the company’s efforts in promoting investment and cooperation in Vietnam over the years, especially its role as a shareholder in the Nghi Son Refinery and Petrochemical (NSRP) project.
The PM proposed that the ambassador raise voice to help facilitate Vietnam’s access, through appropriate forms, to part of the 80 million barrels of oil that Japan is considering releasing from its reserves to mitigate the impact of Middle East tensions on fuel prices.
According to the Nghi Son Refinery and Petrochemicals LLC (NSPR) in the central province of Thanh Hoa, the group will strive to supply to the market a total of 1.57 million tonnes of petroleum products in the last two months of 2023.
The factory of the Nghi Son Refinery and Petrochemical LLC (NSRP), based in the central province of Thanh Hoa, will undergo the first general maintenance from August 25.
Prime Minister Pham Minh Chinh on November 26 attended the inauguration ceremony of the port-specialised tank cluster and a central utility plant of the Southern Petrochemical Complex project in Ba Ria-Vung Tau province.
The Vietnam National Petroleum Group ((Petrolimex) is adopting a range of solutions in order to complete production and business targets of the third quarter and the entire year of 2022 in the context of unforeseeable fluctuations in petrol prices.
The Ministry of Industry and Trade (MoIT) has put forward a proposal to increase the country's fuel reserve by as much as four times, said Le Viet Nga, Deputy Director of the MoIT’s Domestic Market Department, during a conference last week in Hanoi.
The People's Committee of Quang Ngai province, home to Binh Son Refinery and Petrochemical Joint Stock Company (BSR), one of the country's largest petrochemical enterprises and the province's key economic lifeline, has reported to the Prime Minister's Office that the country should prioritise the use of gasoline and diesel oil from domestic suppliers and reduce imports in light of crumbling demand during the pandemic.
Seaports nationwide handled more than 544.3 million tonnes of cargo in the January-October period, including nearly 16 million TEUs of containers, according to statistics of the Vietnam Maritime Administration.
Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quất Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.
Nghi Son Refinery and Petrochemicals LLC in Thanh Hoa introduced the first batch of petrol A95 on May 8, the third commercial product produced by the plant, following gasoline RON 92 and Benzen.
The Vietnam Petroleum Association (VINPA) has proposed to establish commercial barriers to protect local firms once import duties on fuel products are gradually reduced to zero percent.
Thanh Hoa has urged the Nghi Son Refinery and Petrochemical Complex to install more automatic wastewater monitoring equipment, including cameras, to facilitate the locality monitoring the project.
