The “giant” of petrol would like to build half of the gas stations on the highway

On March 24, the Prime Minister’s nationwide online conference with enterprise State-owned enterprises (SOEs) took place in Hanoi. The two major topics discussed were the problems and difficulties that SOEs are facing to solve the problems, and the solutions and motivations to unlock the resources of this business sector.

In a presentation report, a representative of the Vietnam National Petroleum Group (Petrolimex) said that the business only accounts for nearly 50% of the total petroleum demand in the country, but there are times when the sales volume is up to 70-80% of the demand. market. Meanwhile, the group currently owns more than 2,600 petrol stations, accounting for less than 20% of the total number of petrol stations nationwide.

Petrolimex proposed the Prime Minister to direct the People’s Committees of the provinces and cities to create favorable conditions for the corporation to prioritize the development of petrol stations; Directing the Ministry of Transport and the Vietnam Expressway Development Investment Corporation to reserve 50% of the planned positions of petrol stations on all highways which are invested by the State capital or the capital of the State. SOEs to appoint Petrolimex to invest at a price equivalent to the market auction price.

The Group also wants to participate in the underground refueling system and aviation fuel depot at Long Thanh International Airport with the first phase following the actual progress of Long Thanh airport’s passenger traffic.

Regarding mechanisms and policies, Petrolimex recommends forcing businesses to business petrol and oil must apply an electronic invoice connected to the petrol pump pole to the national data center of the tax authority. This proposal is to contribute to the prevention of smuggling, trade fraud, and tax loss in the petroleum market, thereby creating a transparent, equal, and legal environment for petroleum business.

With the orientation that the State still holds the controlling ratio at Petrolimex at the level of over 50% to less than 65%, the Group proposed to the Prime Minister and the Government to consider “opening room” for foreign investors in Petrolimex to 35%. . Currently, the “room” for foreign investors in enterprises is regulated at 20%, but in reality it is only about 3%.

Petrolimex also asked the Prime Minister for permission to promote the study of the joint ownership investment plan for an oil refinery in Japan by ENEOS Group (Petrolimex’s strategic shareholder) through the optimal capital structure and swapping plan. change share of Petrolimex to partners. After studying, if it is effective, Petrolimex will develop a specific plan and submit it to the competent authorities for approval.

Finally, Petrolimex proposed the Prime Minister to consult with the People’s Committee of Ho Chi Minh City to create conditions to allow Castrol BP Petco Joint Venture Company to renew its license. This is a joint venture of Petrolimex with BP, which is evaluated by Petrolimex for effective operation. The wish of the parties is to continue to extend the operation for another 20 years.