The provincial National Assembly delegation supervises the implementation of policies and laws on energy development at Nghe An Petroleum Company.

Attending the monitoring activity were representatives of the Provincial People's Council, the Provincial Fatherland Front Committee, the Department of Industry and Trade, and leaders of Nghe An Provincial Petroleum Company.

Accounts for 50% of the market share of gasoline and oil supply for the whole province

Before working with Nghe An Petroleum Company, the inspection team conducted a survey at Ben Thuy Petroleum Depot. This is one of two depots of Nghe An Petroleum Company with a capacity of 18,800 m³.

The monitoring team conducted a survey at Ben Thuy Oil Depot. Photo: An Quynh

At the meeting, according to the report of Nghe An Petroleum Company, in the 5 years from 2016 - 2021, despite many difficulties and challenges, the Company still ensures stable production, business and services; plays a key role in supplying petroleum in the province. Currently, through many upgrades, the Company has 2 petroleum depots Nghi Huong and Ben Thuy, increasing the total capacity of the 2 depots to 56,800 m³ serving business needs and national reserve storage. In addition, implementing the State's policy, the Company invested in 2 more Ethanol (E100) tanks to blend E5 gasoline at Ben Thuy warehouse to proactively supply biofuel to the market.

Annual import and export output of gasoline and oil reaches about 700,000 m³/year, including all types of gasoline currently consumed on the market with a modern pipeline system, complete, safe, energy-saving tanks.

Comrade Thai Thi An Chung - Member of the Provincial Party Committee, Deputy Head of the Provincial National Assembly Delegation chaired the meeting. Photo: An Quynh

The company currently has 83 stores spread across Nghe An province. The retail stores are all large in scale, creating favorable conditions for sales.

Continue to promote the supply of gasoline to remote areas

At the working session, based on the report of the leaders of Nghe An Petroleum Company, the members of the monitoring delegation requested clarification of a number of related contents. Among them, there were issues related to the balance of state reserves and commercial reserves at warehouses and regulations related to the expansion of reserve warehouses. Along with that, the delegation also requested clarification of the inadequacies and difficulties in adjusting and stabilizing gasoline prices in practice. In addition, it is necessary to clarify the regulations and plans for developing retail gasoline stations on the North-South expressway as well as Vinh-Cua Lo boulevard.

Members of the monitoring team give their opinions. Photo: An Quynh

Leaders of Nghe An Petroleum Company have clarified and proposed a number of solutions for energy development as well as solutions for petroleum supply and storage...

Speaking at the conclusion of the supervision session, Comrade Thai Thi An Chung - Member of the Provincial Party Committee, Deputy Head of the Provincial National Assembly Delegation highly appreciated the state management and implementation of policies and laws on petroleum trading as well as fire prevention and fighting, and the environment, which are all focused on by the company. In addition, digital transformation and software applications have been applied to petroleum management and trading, thereby creating transparency and convenience for consumers. The delegation hopes that the company will continue to strive to maintain the supply of goods to the consumer market, avoiding disruptions in supply sources.

Comrade Thai Thi An Chung - Member of the Provincial Party Committee, Deputy Head of the National Assembly Delegation delivered a concluding speech at the conference. Photo: An Quynh

In addition, the delegation hopes that with its strength as a state-owned enterprise, the company should pay attention to serving remote areas, creating conditions for economic development as well as poverty reduction here, contributing to the common goal of the province./.