Oil and gas resources
Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index ...
Govt appoints taskforce to address fuel crisis, skyrocketing prices, foreign currency shortfall
The government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves.The move comes as Laos battles a damaging fuel shortage in the wake of the depreciation of the kip. The unfavourable exchange rate ...
Public advised to avoid unnecessary travel, to save fuel for agriculture
The Ministry of Industry and Commerce and the Lao Fuel and Gas Association are urging members of the public to be frugal in their use of fuel and not to travel unnecessarily, so that enough reserves of petrol are available for use for farming and ...
Fuel shortage causing hardship for Lao people
Fuel businesses and importers are struggling to supply enough fuel to meet public demand due to fluctuating currency exchange rates and the volatile global oil market.Fuel shortages forced petrol stations in Vientiane and some provinces to close on Monday, with many of desperate motorists going ...
Laos' first oil refinery to launch commercial production next week
(KPL) Laos’ first petroleum refinery, located in the energy and chemical precinct of Saysettha Development Zone, Vientiane, is expected to open its commercial production for domestic consumption on Nov 30. The refinery project began in 2015 under Laos-China Dongyan Petrochemical with Yunnan Dongyan Industrial holding ...
Progress in Laos-China refinery project delayed
VIENTIANE (Vientiane Times/ANN) – A Lao-Chinese fuel refinery has postponed its production plan for the second time since 2017 due to problems by investors in obtaining capital from China to complete construction. The refinery, to be operated by the Laos-China Dongyan Petrochemical Co., Ltd., has ...