State-run Vietnam National Petroleum Corp. (Petrolimex) plans to import 8.18 million cubic meters of petroleum products in 2007, up 5.1 per cent on year, a corporate source said.
Of the sum, 7.18 million cubic meters will be used to serve domestic demand, and the remaining one million cubic meters will be exported, it added.
All petroleum products are imported, as Vietnam has no operational oil refineries, a Petrolimex official said.
He said his firm forecast revenues this year at VND64,800 billion (US$4.05 billion) and after-tax profits of VND565 billion (US$35 million) in the year.
Petrolimex, which accounts for over 60 per cent of Vietnamese petroleum retail market, is expected to pay VND10,850 billion (US$687.12 million) to the State coffers in the year.
According to the Ministry of Trade, Vietnam is expected to import 13.3 million metric tons of petroleum products this year, up 20.1 per cent on year, to meet national energy demand.
The Southeast Asian nation plans to import four million tons of gasoline, 6.9 million tons of diesel oil, 1.87 million tons of fuel oil, 290,000 tons of kerosene in the year.
Besides Petrolimex, a host of smaller importers include Petechim, Petec, Saigon Petroleum, PDC, Military Petrol and Oil Co., Vinapco, and Dong Thap Oil. (New Hanoi)
Vietnamese
