Industry Ministry crushes Binh Son export aspirations
The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, aiming to decrease dependence on imported petrol as well as the foreign trade deficit. Thus, the MoIT requested BSR to negotiate with domestic oil and petrol importers and traders to increase their consumption of Dung Quat’s products, circumventing the refinery’s need to export.
