Petrolimex Plans Import of 8.28Mln Tons of Petroleum Products in 2006
The State-run Vietnam National Petroleum Corp. (Petrolimex), the largest oil importer in Vietnam, plans to import 8.28 million metric tons of petroleum products in 2006, up 5.3 per cent against 2005, local media said.
In 2005, Petrolimex, which holds over 60 per cent of the Vietnamese petroleum market, imported 7.9 million tons of petroleum products worth nearly US$2.95 billion.
The corporation reported a record total revenue of over VND43.7 trillion (US$2.77 billion) in the year. Petrolimex paid VND7 trillion (US$443 million) to the State coffers in 2005.
Petrolimex targets VND63.5 trillion (US$4 billion) in revenues this year.
Petrolimex is now running about 1,500 filling stations, and is the largest petroleum retailing network in the country.
Vietnam now has 10 oil importers, which are responsible for importing refined oil products to sell in the country.
In 2005, these 10 companies imported 11.3 million tons of petroleum products worth nearly US$5 billion, inclusive of Petrolimex. They plan to import 13 million tons this year.
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