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Vietnam’s Ministry of Industry and Trade to take export decision on Nghi Son oil refinery “soon”

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Hydrocarbon Engineering,

As reported by Reuters, Vietnam’s Ministry of Industry and Trade released a statement on Monday saying it will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel “soon”.

An emailed statement from the Ministry said: “The refinery has the right to export its oil products if they meet standards requirements and in accordance with the ministry’s plan.”

Industry sources told Reuters last week that Nghi Son Refinery and Petrochemical LLC, the owner of a 200 000 bpd refinery in northern Vietnam, had requested to export oil products, in what would be a first for the country, currently a net importer of oil.

Nghi Son, the country’s second refinery, made the request to export fuels as local traders and consumers have been unable to absorb fuel sales from the plant as it ramps up toward commercial operations in November.

Most local buyers have already procured supplies under long-term contracts, limiting what they can take from the plant.

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Oil refinery news Asia Pacific downstream news


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