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Ministry raises concern over funding for Dung Quat refinery upgrade

Ministry raises concern over funding for Dung Quat refinery upgrade

The Ministry of Industry and Trade is concerned about the ability of Dung Quat Refinery operator Binh Son Refining and Petrochemical to mobilize capital for its expansion plan due to low accumulated profit.
Vietnam's first refinery calls for upgrade incentives

Vietnam's first refinery calls for upgrade incentives

The operator of Dung Quat Refinery, the first of its kind in Vietnam, has asked authorities for tax and lending incentives to fuel expansion.
August 16, 2022 | 06:45 am PT
Vietnam a big oil exporter, but even bigger importer

Vietnam a big oil exporter, but even bigger importer

Vietnam exported 3.1 million tons of crude oil last year but imported 10 million tons since domestic supply only met 70 percent of demand.
May 16, 2022 | 11:47 pm PT
Dung Quat Refinery set for $1.8-bln upgrade

Dung Quat Refinery set for $1.8-bln upgrade

Binh Son Refining and Petrochemical is set to upgrade to its Dung Quat Refinery at a cost of $1.8 billion.
April 22, 2022 | 10:07 pm PT
Vietnam’s biggest refinery strikes funding deal to keep going

Vietnam’s biggest refinery strikes funding deal to keep going

The Nghi Son Refinery and Petrochemical Company and state-run Petrovietnam (PVN) have reached a short-term financial assistance deal to keep Vietnam’s largest refinery going.
January 29, 2022 | 05:55 am PT
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
Refineries face closure due to plunging fuel demand

Refineries face closure due to plunging fuel demand

Plunging fuel demand caused by Covid-19 restrictions is increasing inventory at Vietnam’s two major oil refineries and could force them to shut down soon.
August 25, 2021 | 04:44 am 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 BSR back in the black

Refinery operator BSR back in the black

Binh Son Refining and Petrochemical Jsc has turned around after a disastrous 2020 and reported a pre-tax profit of VND1.85 trillion ($80.5 million) for the first quarter.
April 26, 2021 | 06:23 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
Vietnam province to quarantine 15 Chinese workers

Vietnam province to quarantine 15 Chinese workers

Quang Ngai industrial parks have been asked to quarantine 15 Chinese employees for 14 days to test and treat Wuhan coronavirus (2019-nCoV) infections.
January 31, 2020 | 05:30 pm PT
Quang Ngai locals worry loss as seawater turns black

Quang Ngai locals worry loss as seawater turns black

Water along a 200-meter stretch of Khe Hai Beach in the central Quang Ngai Province has turned black and has yellowish foam.
December 6, 2019 | 04:35 am PT
Blue sea turns black near Vietnam economic zone

Blue sea turns black near Vietnam economic zone

Seawater near ports of the Dung Quat Economic Zone in the central province of Quang Ngai has turned dark black for the last 10 days.
December 5, 2019 | 03:00 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
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