After the Spring Festival in Vietnam, there was an oil shortage, gas stations were closed, and because there was no money to buy crude oil, we knew that this year's world economic situation was complicated
Remembering that in 2008, Guangdong, Zhejiang, Jiangsu, and Fujian were in a large area of oil shortages, and it was said that the price of crude oil rose sharply, and the enthusiasm of refineries was not high, resulting in insufficient supply. In 2011, there was another oil shortage, which was said to be due to power rationing, and many factories in Guangdong, Jiangsu and Zhejiang used diesel generators to generate electricity on their own, and the demand increased.
Vietnam is similar to the one in China in 2008. According to local media, Vietnam's largest refinery, the Nghe Son refinery, is facing a production cut or even a shutdown because it has no money to buy crude oil. According to public information, the refinery purchased oil through Vietnam Petrochemical, but due to its inability to pay the advance payment, and its unwillingness to accept the compromise of the offtake agreement for refined oil products, and canceled the purchase of 2 ships of crude oil, the supply of raw materials was interrupted, which eventually led to production cuts and production suspensions. Many gas stations in Vietnam have to close because they can't buy refined oil products, and even if they can buy them, they have to choose to stop operating because the price is higher than the retail price, and they have to choose to stop operating because they sell much at a loss. Vietnam's No. 95 gasoline sells for 7.37 yuan per liter (equivalent to rmb), which is much lower than the current 8.33 yuan per liter of No. 95 gasoline in Guangdong Province. The refinery's market share in Vietnam accounts for 35%, and it is conceivable that the production cut and production suspension this time will have a great impact on Vietnam's economy and society. It is reported that the largest shareholder of the refinery is Japan's third largest crude oil company, and the shares of the Japanese company have fallen sharply due to the impact of the incident.
