The Petrovietnam Exploration Production Corporation (PVEP), the Petrovietnam Oil Corporation (PVOIL), and the Bình Sơn Refining and Petrochemical JSC (BSR) have signed a contract to supply crude oil from the Đại Hùng field to the Dung Quất refinery.
The Dung Quat Oil Refinery Plant in the central province of Quảng Ngãi, operated by the Bình Sơn Refining and Petrochemical Company (BSR), processed more than 100 million tonnes of crude oil and materials after 15 years of operations.
According to BSR Deputy General Director Bui Ngoc Duong, thanks to the sound operation, the company was able to take advantage of an increase in prices of global crude oil.
Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quat Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.
The central province of Quang Ngai urged the Government to provide policy incentives for Dung Quat Refinery equal to those enjoyed by Nghi Son Refinery to ensure fair competition.
Binh Son Refining and Petrochemical Co Ltd (BSR), operator of Dung Quat Refinery, has targeted total revenue of nearly VND78.4 trillion (US$3.44 billion), State budget contribution of some VND8.33 trillion and profit-after-tax of more than VND3.47 trillion in 2018.
Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Viet Nam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner about VND4 trillion (US$157.4 million) for State coffers.
Representatives from Spanish energy company Repsol on Tuesday met with leaders of the Binh Son Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quat Refinery.
Binh Son Refining and Petrochemical Company Limited (BSR), has sent invitations to 15 domestic and foreign investment funds in preparation for its initial public offering (IPO) in the third quarter of 2017.
Investment firm Sovico Holdings is in talks with the Binh Son Refining and Petrochemical Company (BSR Co, Ltd.) on exploiting opportunities arising out of the latter’s equitisation process.
Dung Quat Refinery in Quang Ngai province is aiming to decrease its turnover by 17 per cent this year, a 2017 target of VND62.4 trillion (US$2.77 billion).
Dung Quat Refinery is working with foreign oil groups to seek strategic investments for its privatisation, which is expected to be carried out in 2017.
Gazprom Neft, the oil arm of Russia''s Gazprom, has ended talks with the
Viet Nam Oil and Gas Group (PetroVietnam) to buy a 49 per cent stake in
Dung Quat refinery.
Binh Son Refining and Petrochemical Company Limited (BSR) has started
negotiating with wholesalers over Dung Quat Refinery''s fuel products in
the second half of this year.