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Dung Quat refinery operator sees revenues surge 80 pct

Dung Quat refinery operator sees revenues surge 80 pct

Binh Son Refining and Petrochemical (BSR) posted an 80 percent surge in revenues to VND87.05 trillion ($3.7 billion) in the first six months thanks to rising gasoline prices.
Refinery ramps up production amid fuel shortage fears

Refinery ramps up production amid fuel shortage fears

The Dung Quat oil refinery has increased its production to 103 percent of normal capacity to make up for the production cut by Nghi Son, the country’s largest refinery.
January 27, 2022 | 09:20 pm PT
Persistent imports cause Dung Quat oil refinery inventories to balloon

Persistent imports cause Dung Quat oil refinery inventories to balloon

Despite reducing production by 10 percent, the Dung Quat oil refinery has 1.2 million barrels of petroleum products in inventory, but imports of petroleum products continue unabated.
August 12, 2021 | 08:03 pm PT
Refinery operator turns profitable

Refinery operator turns profitable

Binh Son Refining and Petrochemical Jsc turned profitable in the third quarter after two consecutive quarterly losses thanks to rising oil prices.
October 22, 2020 | 09:32 pm PT
Refinery operator Binh Son posts $184 mln loss

Refinery operator Binh Son posts $184 mln loss

The Binh Son Refining and Petrochemical Jsc (BSR) posted a loss of VND4.3 trillion ($184 million) in the first half this year due to Covid-19 impacts.
September 8, 2020 | 08:32 pm PT
Vietnam inks crude oil deal with Azerbaijan

Vietnam inks crude oil deal with Azerbaijan

Vietnam’s oil refinery operator BSR has struck a deal to import five million barrels of crude next year from Azerbaijan.
December 2, 2019 | 01:39 am PT
Vietnam to scrap crude oil import tax

Vietnam to scrap crude oil import tax

Vietnam will remove the current five percent import tax on crude oil imports starting November 1 as domestic supply dwindles.
September 18, 2019 | 12:43 am PT
Binh Son refinery buys first Nigerian crude cargo

Binh Son refinery buys first Nigerian crude cargo

Vietnam’s Binh Son Refining and Petrochemical has bought one million barrels of Bonny Light crude in its first-ever import of Nigerian crude. 
August 30, 2019 | 12:52 am PT
Vietnam arrests four oil officials for violations linked to banking graft case

Vietnam arrests four oil officials for violations linked to banking graft case

Officials of PetroVietnam were accused of accepting excessive interest payments from OceanBank.
June 21, 2018 | 03:42 pm PT
Vietnam's Binh Son to sell 49 pct stake via auction, sees April listing

Vietnam's Binh Son to sell 49 pct stake via auction, sees April listing

The funds would be used for an upgrade of Dung Quat refinery, aiming to raise capacity to at least 192,000 barrels per day.
June 13, 2018 | 12:32 am PT
Vietnam arrests oil refinery officials as investigation into banking graft case widens

Vietnam arrests oil refinery officials as investigation into banking graft case widens

Officials from a PetroVietnam subsidiary allegedly accepted $840,000 in excessive interest payments from OceanBank.
May 10, 2018 | 06:54 pm PT
Vietnam raises $245 mln from refinery operator Binh Son's IPO

Vietnam raises $245 mln from refinery operator Binh Son's IPO

Overseas investors bought a 4.77 percent stake in the company at the IPO.
January 17, 2018 | 08:30 am PT
Vietnam’s sole oil refinery operator aims to raise $155 mln from January IPO

Vietnam’s sole oil refinery operator aims to raise $155 mln from January IPO

Binh Son also plans to offer a 49 percent stake in the refinery to strategic investors.
December 21, 2017 | 12:00 am PT
Vietnam’s sole oil refinery hoping to strike it rich with $85 million stake sale: report

Vietnam’s sole oil refinery hoping to strike it rich with $85 million stake sale: report

It plans to sell 4 percent stake this year and another 49 percent next year, tempting investors from Spain and the U.S.
August 10, 2017 | 11:53 pm PT
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