Vietnamese fuel importers including PV Oil Corp. are seeking cargoes after the country's only refinery closed a second time in three months.
PV Oil, a unit of Vietnam Oil & Gas Group, or PetroVietnam, and Saigon Petroleum Co. issued tenders to buy about 26,800 tons of gasoline and diesel to be loaded next week, documents obtained by Bloomberg News showed. PV Oil also offered Monday to sell as much as 600,000 barrels of Bach Ho crude normally processed at the Dung Quat plant.
Dung Quat was closed unexpectedly amid technical issues at a fluid catalytic cracking unit, an official at Binh Son Refinery & Petrochemical Co., the plant operator, said Tuesday, asking not to be identified. The unit makes gasoline. The refinery, with a capacity of 130,000 barrels a day, also turns crude into diesel, jet fuel and fuel oil, according to data compiled by Bloomberg.
The refinery resumed production July 9 after being shut for maintenance May 15. The US$2.5 billion plant started commercial operations in February 2009 and was designed to meet about a third of Vietnam's fuel requirements.