petrol and oil imports

Update news petrol and oil imports

Vietnam has high petroleum stockpile

Vietnam’s oil and gas inventories are over 90 percent higher than the required level, meeting the domestic petroleum consumption demand in the next few months, according to the Vietnam Energy Association (VEA).

PVN proposes halt of petrol imports to support refineries amid tumbling domestic consumption

PVN’s proposal was raised as sales of petrol and oil products in the domestic market slumped an estimated 30 per cent in the first quarter of this year. PVN also forecast bigger reductions in the coming months.