Binh Son Refining and Petrochemical Co Ltd (BSR) contributed more than VND11 trillion to the State budget in 2018, becoming PetroVietnam''s largest State budget contributor.
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) on Friday signed crude oil supply agreements with two trading companies in Singapore – Glencore Singapore and Socar Trading SA – to supply the Dung Quat refinery for the 2018-25 period.
Binh Son Refining and Petrochemical Co Ltd (BSR) is willing to sell up
to 49 per cent of its capital to a foreign strategic investor during its
equitisation, which is reportedly appealing to major global energy
companies.
The Government has allowed Binh Son Refining and Petrochemical Co Ltd
(BSR) to make its own price mechanism after the company has repeatedly
called for support to improve the competitiveness of its products.
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam
(Vietcombank) signed a new agreement on Saturday to improve its
partnership with the Binh Son Refining and Petrochemical Co Ltd (BSR).
The operation of the Dung Quat Oil Refinery has transformed Quang Ngai
Province from a poverty-stricken area into a key economic hub in the
central region.