Binh Son Company to produce over 1 mln tonnes of products by year-end

A corner of Dung Quat Refinery (Photo: VNA)

Hanoi (VNA) – The Binh Son Refining and Petrochemical Company (BSR) will produce more than 1 million tonnes of products between now and the year-end, increasing its total yearly output to 6.91 million tonnes of products, 100,000 tonnes higher than the 2015 volume.

Earlier on November 9, BSR announced it had fulfilled this year’s output target of 5.8 million tonnes of products, 52 days ahead of the schedule. 

According to the company, the early fulfilment is attributed to the safe and stable operation of Dung Quat Refinery at an optimal capacity of 105 to 107 percent. In addition, this year’s favourable weather has facilitated crude oil imports and product sales.

After six years of operation, Dung Quat Refinery has contributed 133 trillion VND (6 billion USD) to the State budget and earned 785 trillion VND (35 billion USD) in revenue. The factory has sold about 43 million tonnes of products, meeting 40 percent of domestic petrol demand.

BSR is focusing on upgrading and expanding the factory to raise its capacity from 6.5 million to 8.5 million tonnes per year, which is scheduled to be completed in 2022. The factory will be equitised in 2017.-VNA