No worries about gasoline shortage when Dung Quat stops production
Representatives of key trading enterprises in Vietnam affirmed that the 2-week shutdown of Dung Quat Oil Refinery No. 1 did not affect supply.
Currently, 4 businesses have signed contracts to buy 4.7 million m3Products at Dung Quat Oil Refinery No. 1 include PV Oil, Petrolimex, Vinapco and Petec. Of which, PV Oil and Petrolimex are the two enterprises with the largest number.
Mr. Vuong Thai Dung, Deputy General Director of Vietnam National Petroleum Corporation (Petrolimex), affirmed that Dung Quat's 2-week shutdown for periodic inspections will not affect the company's operations. The source of gasoline sold to the market is still stable and there is no shortage. "We have prepared in advance, so buying and selling activities are still taking place normally," said Mr. Dung.
Petrolimex currently holds over 60% of the domestic petroleum market share with about 2,100 stores in the 100% company-owned system and over 4,000 other small stores and agents. In January and half of February, Petrolimex imported over 1.5 million tons of various types of gasoline and oil, an increase of over 22% compared to the same period in 2010. Therefore, the company affirms that the supply is quite abundant.
The leader of Vietnam Oil Corporation (PV Oil) also confirmed that currently, the gasoline supplied from Dung Quat Factory only accounts for about 30%, the remaining 70% of businesses still depend on imported sources. Therefore, the 2-week suspension of Dung Quat is assessed by PV Oil representative as not having much impact on the market. "We still have enough resources to sell to the market. Although, our import and sales in the current period are making a lot of losses", said the representative of PV Oil.
Mr. Tran Huu Phuc, Director of Vinapco Aviation Petroleum Company, also said that each month, this unit buys about 10,000 tons of diesel oil from Dung Quat Plant for ground services. However, the shipments delivered to Vinapco are not during the period when this plant stops production.
"The quantity of goods we import is so small that in any situation, we can take the initiative in supplying. Besides, the product we import is diesel oil for ground service, not jet fuel, so this suspension of operations does not affect Vinapco," Mr. Phuc emphasized.
According to the signed agreement, Petrolimex will consume about 2 million m3Products for Dung Quat Oil Refinery, PV Oil 1.5 million m3, Petec 1 million m33, Vinapco 200,000 m3. Thus, the total volume that these 4 units consume is 4.7 million m3Products of all kinds, including A92 and A95 gasoline, diesel oil, Z1 aviation gasoline and FO fuel oil.
According to VNE
