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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. 

PetroVietnam assigned $863 mln profit target

State-owned oil giant PetroVietnam has a profit target of VND20 trillion ($863 million) this year, up 17 percent from last year.

Petrol shortage fuels discontent among distributors

Some petroleum distributors are grumbling about getting only 50 percent of demand after Vietnam’s biggest refinery halted production early 2019. 
March 27, 2019 | 12:13 pm GMT+7

Vietnam’s fuel deficit to persist despite new refinery

The country's refined fuel deficit will still remain though Nghi Son Refinery's imminent start of production is to improve its self-sufficiency.
August 10, 2018 | 03:27 pm GMT+7

Vietnam revokes license from $3.2 billion oil refinery project

The investor failed to deliver on investment pledges outlined in the license.
March 08, 2018 | 02:30 pm GMT+7

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 | 03:00 pm GMT+7

Vietnam crude oil imports to hit record as refinery gets ready to start

August will mark the first month on record in which Vietnam is a net importer of crude oil.
August 18, 2017 | 04:25 pm GMT+7

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 11, 2017 | 02:53 pm GMT+7

Vietnam oil product prices slashed by highest margin since Jan 2016

The government is trying to curb inflation in 2017, and lower fuel prices might help it meet the annual target. 
March 22, 2017 | 03:09 pm GMT+7

Vietnam’s sole oil refinery plans to borrow $1.2 billion for expansion

The company is after a cheap loan to fuel expansion plans.
December 02, 2016 | 05:18 pm GMT+7

World's biggest energy company eyes joint venture in Vietnam

Saudi Aramco, the biggest energy firm in the world, is looking at potential joint ventures in several countries, including Vietnam, Indonesia, India, the United States, and China, Reuters reported this week, citing company’s chief executive Amin Nasser.
May 14, 2016 | 08:16 am GMT+7

Vietnam’s sole oil refinery asks to self-regulate import duties

The Dung Quat oil refinery, in an attempt to reduce losses after certain Free Trade Agreements (FTA) come into effect,  is seeking approval from the Ministry of Finance to self-regulate import taxes on oil products.
May 13, 2016 | 09:21 am GMT+7

Vietcombank lends $90 million to Dung Quat oil refinery operator

Vietcombank has pledged loans worth a total of VND5 trillion ($224 million) to Binh Son Refining and Petrochemical Company, the operator of Vietnam's only working oil refinery and a subsidiary of state-owned oil giant PetroVietnam.
May 09, 2016 | 12:21 pm GMT+7

Vietnam’s sole oil refinery imports crude oil first time in nine months

State-owned PetroVietnam’s Dung Quat oil refinery for the first time in nine months imported 139,161 tons of crude oil for processing in March, customs data released Wednesday showed.
April 14, 2016 | 07:59 am GMT+7

Biofuel plant halts production

National petroleum giant PetroVietnam has temporarily suspended production at its 100 million liter/year ethanol plant in Dung Quat due to high production costs and low sales of bio-gasoline.
March 29, 2016 | 01:51 pm GMT+7
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