Tuesday, April 7, 2009

Petrolimex Jet Fuel Co. licensed to import and re-export to Cambodia

VNBusinessNews.com - Ministry of Industry and Trade licensed Petrolimex Jet Fuel Joint Stock Co (PJF) to import and re-export the jet fuel to Cambodia, regarded as a preparation step for PJF to soon join the jet fuel provision to the domestic market. The event will end the monopoly of Vinapco in the fuel provision to the air firms in Viet Nam.

Petrolimex's PJF will have to invest facilities including container and transportation vehicles and human resources at airports to conduct the service.

Recently, PJF negotiated with foreign petroleum firms on providing jet fuel and finalised necessary procedures to enter the market.

A source from the Ministry of Traffic and Transportation said that as planned, each international airport will have at least two jet fuel providers to create a fair competition in the market.

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