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Vietnam could face gasoline shortage amid refinery’s financial woes

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The Nghi Son Oil Refinery in the central province of Thanh Hoa. Photo by Le Hoang

 

A gasoline shortage looms since the Nghi Son Oil Refinery, Vietnam’s biggest, has cut production by 20 percent due to financial problems and seems likely to shut down.

 

The refinery in the central province of Thanh Hoa has no funds to import crude oil and might have to suspend operations starting February if the issue is not resolved.

 

It has a market share of over 35 percent.

 

Full Story: https://e.vnexpress.net/news/business/companies/vietnam-could-face-gasoline-shortage-amid-refinery-s-financial-woes-4421334.html

 

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-- © Copyright VN Express 2022-01-26

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