The Ministry of Industry and Trade has called on Việt Nam’s two refineries to maintain maximum capacity to ensure domestic fuel supply amid the unpredictable developments in the global energy market.
According to a directive issued this week, the Bình Sơn Refining and Petrochemical Joint Stock Company, and the Nghi Sơn Refining and Petrochemical Company Limited need to optimise operations under technically feasible conditions to contribute to increasing the supply of petroleum products to the domestic market amidst global fluctuations.
The two companies, together with the Vietnam National Energy and Industry Corporation and the Vietnam Petroleum Corporation must proactively plan production, reserves, and supply of petroleum products to meet market demand.
The firms also need to proactively diversify raw material sources; and maximise the exploitation and supply of domestic crude oil and condensate to mitigate the impact of crude oil price fluctuations and transportation costs.
Under the directive, the ministry has also directed relevant authorities to boost the inspection. Violations such as hoarding, speculation, unjustified sales suspension, or selling at high prices will be strictly dealt with according to the law. — BIZHUB/VNS
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