Dung Quất oil refinery produces 1.1 million tonnes of products in two months

Thursday, Mar 07, 2019 11:06

A corner of Dung Quat Oil Refinery Plant. The plant’s workers practice firefighting with support from the local firefighters. — VNA/VNS Photo Sy Thang

Dung Quat Oil Refinery Plant, operated by Binh Son Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 per cent of its designed capacity.

BSR’s revenue in the period hit VND13.65 trillion (US$586.3 million), contributing VND1.59 trillion to the State budget.

BSR said the firm has operated stably amid unpredictable changes of global crude oil prices.

According to S&P Global Platts Insight Magazine - a specialised magazine on world oil and gas published in Singapore, the oil price tended to increase at the end of February and the beginning of March, so BSR’s profit is forecast to rise.

For efficient production in March and beyond, BSR will continue focusing on controlling production costs, optimising production and reducing crude oil consumption for processing.

It is also optimising the operation of Dung Quat oil refinery plant by adjusting the product structure, focusing on maximising the amount of highly effective products.

In addition, BSR has also taken measures such as minimising operating expenses, applying technical improvement innovation and reducing storage, along with management and macro administration solutions, aiming to achieve good profit in the first quarter of 2019. — VNS

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