Dung Quat refinery surpasses nine-month production target

The Dung Quat oil refinery in Quang Ngai province (Photo: VNA)

Hanoi (VNA) – The Dung Quat oil refinery produced about 5.18 million tonnes of petrol and oil during January - September, up 6% from the nine-month plan and equivalent to 80% of this year’s target, its operator – Binh Son Refining and Petrochemical JSC (BSR) - said.

During the period, BSR sold more than 5 million tonnes of products, up 6% from the nine-month plan and equivalent to 78% of the target for 2022. It posted over 125 trillion VND (5.2 billion USD) in revenue and contributed nearly 14 trillion VND to the State budget.

BSR Director General Bui Ngoc Duong said in the year’s first half, global oil prices surged due to impacts of the Russia - Ukraine conflict and fuel demand soared driven by the post-pandemic global economic recovery.

Therefore, crack margin was advantageous to BSR and helped the firm’s revenue increase sharply, especially in the second quarter, he explained./.

VNA