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Dung Quat refinery processes 100 million tonnes of crude oil after 15 years

The Dung Quat Oil Refinery Plant in the central province of Quang Ngai, operated by the Binh Son Refining and Petrochemical Company (BSR), processed more than 100 million tonnes of crude oil and materials after 15 years of operations.
Dung Quat refinery processes 100 million tonnes of crude oil after 15 years ảnh 1The Dung Quat Oil Refinery Plant in the central province of Quang Ngai. (Photo: VNA)
Quang Ngai (VNA) – The Dung Quat Oil Refinery Plant in the centralprovince of Quang Ngai, operated by the Binh Son Refining and PetrochemicalCompany (BSR), processed more than 100 million tonnes of crude oil andmaterials after 15 years of operations.

The BSC said on January 18 that over the past 15 years, the refinery plant hasoperated safely and stably at up to 110% of its designed capacity, helping to ensure energy security and economic development in thelocality and the nation as a whole.

Since 2009, the plant has gained more than 1.57 quadrillion VND (63.66billion USD) in revenue, contributed around 220 trillion VND to the state budget and earned after-tax profit of 49.2 trillion VND.

According to BSR Chairman Nguyen Van Hoi, the company will continue purchasingmaterials from both domestic and foreign partners, and enhancing the processing soas to increase oil and gas supply for the market.

Last year, the BSR’s output topped 7.35 million tonnes, exceeding 31% of theyearly plan.

In January and February of 2024, the Dung Quat refinery plant plans to producemore than 1 million tonnes of products.

The refinery willbe expanded to raise its capacity to 171,000 barrels per day, up from 148,000,with a total investment of 1.26 billion USD.

Under a decision signed by Deputy Prime Minister Tran Hong Ha, the BSR will provide 503 million USD fromits equity and the remaining from loans.

The company, asubsidiary of state-owned Vietnam Oil and Gas group (Petrovietnam), will set up and put into operationadditional technology workshops for the processing of crude oil with highersulfur content in accordance with the “Euro 5 standard”. The 10.6ha refinerywill be expanded by 41ha, and is scheduled to be finished in the first quarterof 2028.

Vietnam iscurrently home to two operational oil refineries. In addition to Dung Quat, theNghi Son Refinery and Petrochemical LLC located in the north-central  province ofThanh Hoa is the country’s latest and largest refinery./.
VNA
#Dung Quat Oil Refinery Plant #Binh Son Refining and Petrochemical Company #crude oil and materials #oil and gas supply #Vietnam News Agency #Vietnamplus
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