Facing recent shortage of electricity for economic and daily activities, especially in May, the Vietnam Oil and Gas Group (Petrovietnam) has exerted efforts to maximise its provision of fuel for power generation and optimise operation of its power plants to help ease pressure.
The Ministry of Industry and Trade (MoIT) has sent an urgent dispatch to the Vietnam Oil and Gas Group along with petrol and oil businesses and traders, requesting them to ensure petrol and oil supply amid an output decline at the Nghi Son oil refinery in early January due to a technical incident.
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 will undertake the fifth maintenance that will last for 50 days from June 22, 2023, according to Binh Son Refining and Petrochemical Joint Stock Company (BSR).
National Assembly Chairman Vuong Dinh Hue on July 25 asked the Binh Son Refining and Petrochemical JSC (BSR), a wholly-owned subsidiary of PetroVietnam, to mobilise all resources for the expansion and upgrading of the Dung Quat Oil Refinery.
With current supply capacity, the local shortage of petroleum will be soon resolved, and the supply and demand for the domestic market will be stable, according to Tran Duy Dong, Director of the Domestic Market Department, Ministry of Industry and Trade (MoIT).
President Nguyen Xuan Phuc on February 16 visited and presented gifts to workers of the Binh Son Refining and Petrochemical Joint Stock Company (BSR) in the central province of Quang Ngai.
Vietnam's largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), will cooperate with Indian Oil of India to develop petrochemical refinery projects in Vietnam, India and third countries.
Binh Son Refining and Petrochemical JSC (BSR) has operated Dung Quat Oil Refinery at 108 percent of the refinery’s design capacity in a safe and stable fashion in February to meet the domestic market’s increasing demand during traditional Lunar New Year.
The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted over 1.25 trillion VND (54.14 million USD) in after-tax profit in the fourth quarter of 2020, up 1.08 trillion VND over the previous quarter, reflecting its better business performance.
The Vietnam Oil and Gas Group (PetroVietnam) on September 1 reported an oil equivalent output of 7.76 million tonnes in the first eight months of this year, 8.2 percent higher than the set target.
Despite being hit hard by falling oil prices and COVID-19 in the first half of 2020, the Dung Quat Oil Refinery maintained operations via various means and is now ready for the recovery phase in the second half of the year.
The crude distillation unit (CDU) at the Dung Quat Oil Refinery, located in the Dung Quat Economic Zone, Binh Son district, central Quang Ngai province, on February 10-13 processed 53 percent of imported crude oil for the first time.
After 10 years, Dung Quat Oil Refinery Plant operated by Binh Son Refining and Petrochemical (BSR) processed nearly 79 million tonnes of crude oil and sold 64 million tonnes of products.
The Binh Son Refining and Petrochemical JSC (BSR) has reported that it earned 906 billion VND (39.3 million USD) in profit in the first half of this year.
The Dung Quat oil refinery, based in the central province of Quang Ngai, exceeded its designed capacity by 7 percent in the first quarter of 2019, helping it gain over 606 billion VND (26 million USD) in post-tax profit during the period.
The Ministry of Natural Resources and Environment has approved the environmental impact assessment report of a project to upgrade and expand the Dung Quat Oil Refinery, which is operated by the Binh Son Refining and Petrochemical Company (BSR).
The Dung Quat Oil Refinery Plant, operated by the Binh Son Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 percent of its designed capacity.
The pre-tax profit of the PetroVietnam Transportation Corporation (PVTrans) hit 540 billion VND in the first nine months of this year, 42 percent higher than the same period last year and meeting the target set for this year.
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