PetroVietnam suggested government to allows for re-export fuel to Laos

Vietnam Petroleum Group (PetroVietnam) has suggested government allows for swap of petrol from Dung Quat refinery with petrol of temporary imports as declared at border gates in order to re-export to Laos.

According to PetroVietnam, Vietnam Petroleum Coporation (PV Oil), a member of group is in difficult situation on re-exporting petrol to Laos. As regulation, petrol of temporary imports from border gates will arrive head warehouse in Ho Chi Minh city and Vung Tau Province, after that, they will delivery to those border gates again to re-eport to Laos, while PV Oil has the same type fuel purchased from Dung Quat at Vung Ang warehouse in Central, but not allow to export.

PV oil said that is a paradox. Company has to delivery petrol from Ho Chi Minh to border gates to export, while the same fuel from border gates has to ship back Ho Chi Minh city to serve domestic consumption, pushing transportation costs to double as a result.

When petrol of temporary imports arrived Nha Be depot (HCM city), its were pumped into tanks containing the same petrol of Dung Quat, and then it will be drawn out for export to Laos. Due to these facts, Petro Vietnam has proposed Government to allow them swap petrol from Dung Quat refinery with petrol of temporary imports as declared at gates to re-export to Laos.

If approved, PV Oil will carry fuel from gates to head depots at Ho Chi Minh City and Vung Tau ... then it will open the declaration of temporary imports as the legal basis for re-export. So fuel from gates will replace fuel from Dung Quat to go in to Laos, compliance with the volume in declaration sheet. Customs agent will supervise for export volume in order to deduct it from customs declaration for petrol of temporary imports as registered.