Govt dealing with illegal petrol imports
New requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to halt or be encouraged to turn to other businesses, according to the Lao Petroleum and Gas Association on February 21. A senior official from the association, Mr Phayboun Phomphaphi, who is also Deputy Director of Lao State Fuel Enterprise told Vientiane Times recently that the adjustment of the fuel companies is necessary to make it easier for management. Mr Phayboun said currently many fuel companies are too small and might not meet standard requirements so it was necessary to adjust the figure downwards.
