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.
The Nghi Sơn Refinery & Petrochemical Limited Liability Company (NSRP) achieved a net revenue of about US$6.4 billion in 2023 and contributed about $820 million to the State budget.
Bình Sơn Refinery and Petrochemical JSC (BSR) announced a collaboration with Deloitte Việt Nam to adapt the International Financial Report Standards (IFRS), aiming at listing on the international market and calling for investments.
Nghi Sơn Refinery and Petrochemical LLC (NSRP) announced it has completed 70 per cent of the first major maintenance (turnaround) plan as of September 18, closely following the set critical path.
After four times of general maintenance, the number of maintenance days has been gradually shortened thanks to contractors and BSR’s experience in implementation.
The joint initiatives between NSRP and BSR encompass resource sharing, expertise exchange, technical and maintenance services, collaboration in raw material and oil product exchange.
Dung Quat oil refinery will be expanded to raise its capacity to 171,000 barrels per day, up from 148,000 barrels, with a total investment of US$1.26 billion.
In the context of complicated world developments with the risk of energy supply disruptions and rising energy prices, it was important to ensure energy security, in which ensuring adequate petroleum supply and increasing national reserve capacity were vital.