Business

Vietnamese, Indian firms cooperate in petrochemical refinery projects

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.
Vietnamese, Indian firms cooperate in petrochemical refinery projects ảnh 1The Dung Quat oil refinery (Photo: VNA)

Hanoi (VNA) - 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.

Under a Memorandum of Understanding just signed by the two enterprises in India, the two sides will evaluate cooperation opportunities in the fields of oil and gas processing and energy in Vietnam, India and third countries.

BSR and Indian Oil will join hands in developing a project on upgrading and expanding Dung Quat oil refinery; conducting an overall maintenance of Dung Quat oil refinery to improve efficiency as well as reduce costs and time and increase productivity.

Vietnamese, Indian firms cooperate in petrochemical refinery projects ảnh 2At the MoU signing ceremony (Photo" VNA) 

The MoU is hoped to open up opportunities for cooperation  between the two firms in developing process design packages (PDPs), basic engineering design packages (BEDPs) for non-copyrighted technology workshops and workshops using indigenous technology of Indian Oil.

The two sides will promote research and development (R&D), especially research and improvement of petroleum products, alternative fuels and fuel additives as well as optimize the production process of oil refining and energy conversion plants.

They will also cooperate in providing consulting services in the supply and processing chain of petroleum products related to overall maintenance management, and support for project management.

Indian Oil is  one of the leading firms in the region in refining oil, transporting crude oil and petroleum products, petrochemical production, and trading gas, petroleum and chemical products in India and abroad.

Binh Son Refining and Petrochemical JSC is a subsidiary of the Vietnam Oil and Gas Group ( PetroVietnam). BSR is managing and operating Dung Quat oil refinery plant in Quang Ngai province. The firm has laid the foundation for the development of Vietnam's petroleum refining and petrochemical industry./.

VNA
#Dung Quat oil refinery #Binh Son Refining and Petrochemical JSC #Indian Oil #petrochemical refinery projects #cooperation #Vietnamplus #Vietnam news #Vietnam News Agency India
Follow VietnamPlus

Related News

BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020

BSR posts after-tax profit of over 1.25 trillion VND in Q4 2020

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.
BSR eyes 3.06 billion USD in revenue this year

BSR eyes 3.06 billion USD in revenue this year

Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), sets its sight on generating more than 70.66 trillion VND (3.06 billion USD) in revenue and around 864 billion VND in post-tax profit this year, according to a plan adopted by its Board of Directors on February 1.
Dung Quat Refinery operates at 108 percent of design capacity

Dung Quat Refinery operates at 108 percent of design capacity

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.
Central province warns of petrol surplus, calls for import cuts

Central province warns of petrol surplus, calls for import cuts

The People's Committee of Quang Ngai province, home to Binh Son Refinery and Petrochemical Joint Stock Company (BSR), one of the country's largest petrochemical enterprises and the province's key economic lifeline, has reported to the Prime Minister's Office that the country should prioritise the use of gasoline and diesel oil from domestic suppliers and reduce imports in light of crumbling demand during the pandemic.

See more

Furusawa Yasuyuki, General Director of AEON Vietnam Company Limited, speaks at a meeting with Can Tho city's leaders. (Photo: VNA)

Can Tho creates enabling environment to attract Japanese investors

The Mekong Delta city of Can Tho is committed to creating the best possible conditions for Japanese companies to study, invest and develop projects, Standing Vice Chairman of the municipal People’s Commitee Duong Tan Hien said at a January 20 meeting with representatives from the Japanese Embassy and businesses in Vietnam.

Representatives of the Vietnamese Ministry of Industry and Trade and the Office of the US Trade Representative sign an agreement regarding anti-dumping on Vietnamese fish fillets on January 20 (Photo: moit.gov.vn)

US anti-dumping duty removed from Vietnamese fish fillets

A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).

The red carps for the ritual remain reasonably priced at 25,000-75,000 VND for three fish, depending on sizes. (Photo: VNA)

Hanoi markets bustle as residents prepare for Kitchen Gods’ Day

Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.

Illustrative image (Photo: cafef.vn)

Banks step up capital mobilisation policies

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

Illustrative image (Photo: VinFast)

VinFast officially enters India market, unveils two EVs

Vietnamese electric vehicle manufacturer VinFast has unveiled two all-electric B-segment and C-segment SUVs, VF6 and VF 7, that will be sold in the Indian market within the framework of the Bharat Mobility Global Expo 2025 on January 18.

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.

VinFast's green bus fleet is ready to supply to three transport companies. (Photo: VNA)

VinFast launches new e-bus model

VinFast, a leading Vietnamese electric vehicle manufacturer, on January 17 launched a new electric bus model with the capacity to carry up to 60 passengers.