Vietnam requests assistance from Japan and South Korea in obtaining crude oil: With two refineries, it can meet about 70% of the country's fuel demand! Most crude oil comes from the Middle East region

SadMoneyMeow · 2026-03-16T09:40:21+00:00

Vietnam's Ministry of Trade requested assistance from Japan and South Korea to increase oil supplies in response to global oil supply disruptions caused by the Iran war. Vietnam's two refineries meet approximately 70% of fuel demand, with crude oil imports sourced primarily from the Middle East.

SadMoneyMeow

2026-03-16 09:40:21

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Gelonghui, March 16 — The Vietnamese Ministry of Trade announced on Monday that, due to the global oil supply disruptions caused by the Iran conflict, Vietnam has requested assistance from Japan and South Korea to increase its oil supply channels. In a statement, the Ministry of Trade said that the trade minister made these requests at the Energy Security Summit held in Tokyo over the weekend. Vietnam has two refineries capable of meeting about 70% of the country’s fuel needs. Most of the crude oil processed there comes from the Middle East. According to government customs data, Vietnam imported 14.2 million tons of crude oil last year, a 5.3% increase year-on-year.

（Editor: Song Zheng HN002）

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