Business

Dung Quat refinery surpasses nine-month production target

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.
Dung Quat refinery surpasses nine-month production target ảnh 1The Dung Quat oil refinery in Quang Ngai province (Photo: VNA)
Hanoi (VNA) – The Dung Quat oil refinery producedabout 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, itsoperator – Binh Son Refining and Petrochemical JSC (BSR) - said.

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

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

Therefore, crack margin was advantageous to BSR and helped thefirm’s revenue increase sharply, especially in the second quarter, he explained./.
VNA
#Dung Quat oil refinery #Binh Son Refining and Petrochemical JSC #BSR #oil prices #economic recovery #updated Vietnam news #Vietnamplus #Vietnam News Agency
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