Petrol importers receive quotas
Petrol importers receive quotas
Thirteen petroleum wholesale distributors nationwide have been allocated import quotas for 2013 by the Ministry of Industry and Trade in order to ensure sufficient supplies during the year.
The leading national petrol distributor, Petrolimex, received the largest import quota and has been ordered to import a minimum of 5.18 million cu.m of petroleum products. It was followed by PetroVietnam Oil Corporation (PV Oil), with a quota of one million cu.m and Saigon Petro with a quota of 536,000cu.m.
The ministry said that the importers would not be allowed to import less than the allocated minimum quota in order to ensure a well-regulated supply and maintain minimum reserves.
The ministry also requested enterprises to base imports on market demand and available supplies from Dung Quat Oil Refinery. The Dung Quat refinery this year expects to produce 6.5 million tonnes of petrol, its highest production level since it began operations in early 2009. The refinery last year produced 5.5 million tonnes.
The ministry last year cut import quotas for 10 distributors as the economic slowdown depressed domestic demand.
The quota for Petrolimex went from 5.8 to 4.9 million tonnes, while PV Oil's quota was lessened by 336,000 tonnes and Petec's by 315,000 tonnes.
Fuel imports last year reached over 8.8 million tonnes, with a value of US$ 8.6 billion, down $953 million from the previous year, according to customs figures
vietnamnews
