The Binh Son Refining and Petrochemical Company, which manages and operates the Dung Quat Oil Refinery, will strive to churn out more than 5.18 million tonnes of products in 2014.

The plan was unveiled at a December 31 congress of BSR under the Vietnam National Oil and Gas Group (PetroVietnam).

With the output, the company is expected to pocket more than 113.6 trillion VND (roughly 5.3 billion USD), contributing over 13.7 trillion VND to the State budget.

The figures represent increases ranging from 11.4 percent to 14 percent compared with the target set by PetroVietnam.

To realise the plan, the company has focused on managing and operating the Dung Quat Oil Refinery based in the central province of Quang Ngai safely and stably, with regular overall maintenance and projects on the upgrading, expansion and privatisation of the plant, said BSR General Director Dinh Van Ngoc.

Last year, the company turned out 6.6 million tonnes of products, up 17 percent, and sold 6.5 million tonnes of products, up 14 percent, earning revenue of more than 150 trillion VND and contributing over 27.2 trillion VND to the State budget, the highest amount over the past four years.

The company took the initiative in signing contracts and ensuring the stable, safe and effective operation of the plant, helping stabilise the market.

It also placed importance on security, environmental protection, fire fighting and maintenance work.-VNA