Vietnam 

Dung Quất Oil Refinery finds potential crude oil exporters – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representatives of Bình Sơn Refining and Petrochemical Joint Stock Company meet crude oil suppliers in Singapore. — Photo courtesy of BSR HÀ NỘI — Leaders of Dung Quất Oil Refinery met potential exporters of crude oil at a recent international conference in Singapore. Leaders of Bình Sơn Refining and Petrochemical Joint Stock Company (BSR), which operates the Quảng Ngãi Province-based refinery, met with potential partners such as Shell, Vitol, BP, PVOSN, PETCO, SOCAR, Glencore, Gazpromneft, Repsol and Sumitomo at the 35th Annual Asia Pacific Petroleum Conference last week, said a BSR…

Read More
Vietnam 

Hòa Phát invests nearly VNĐ43 trillion on Dung Quất project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Hòa Phát Dung Quất iron and steel production complex. — Photo courtesy of Hòa Phát HÀ NỘI — In the first half of 2019, Hòa Phát Group poured nearly VNĐ9.17 trillion (US$393.35 million) into Dung Quất iron and steel production complex, raising total investment in the project to approximately VNĐ42.92 trillion. The group’s chairman Trần Đình Long said that total initial investment for the project is VNĐ40 trillion of medium-term loans for fixed assets and VNĐ12 trillion for short-term activities. During the investment process, Hòa Phát applied some new technological achievements,…

Read More
Vietnam 

Dung Quất refinery earns $26m in Q1 post-tax profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of the Dung Quất oil refinery. — Photo VNA HÀ NỘI — The Dung Quất oil refinery, based in the central province of Quảng Ngãi, exceeded its designed capacity by 7 per cent in the first quarter of 2019, helping it gain over VNĐ606 billion (US$26 million) in post-tax profit during the period. In Q1, the factory turned out more than 1.7 million tonnes of products and earned over VNĐ23.05 trillion in revenue. It contributed some VNĐ2.44 trillion to the State budget, according to the financial report for Q1 of…

Read More
Vietnam 

Dung Quất oil refinery produces 1.1 million tonnes of products in two months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A corner of Dung Quất Oil Refinery Plant. The plant’s workers practice firefighting with support from the local firefighters. — VNA/VNS Photo Sỹ Thắng Viet Nam News HÀ NỘI — Dung Quất Oil Refinery Plant, operated by Bình Sơn Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 per cent of its designed capacity. BSR’s revenue in the period hit VNĐ13.65 trillion (US$586.3 million), contributing VNĐ1.59 trillion to the State budget. BSR said the firm has operated…

Read More
Vietnam 

Dung Quất wants equal incentives to Nghi Sơn Refinery – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The central province of Quảng Ngãi urged the Government to provide policy incentives for Dung Quất Refinery equal to those enjoyed by Nghi Sơn Refinery to ensure fair competition. In a proposal sent to the Government, Chairman of Quảng Ngãi Province People’s Committee Trần Ngọc Căng said the petrol and oil market was witnessing a supply surplus after Nghi Sơn Refinery went into operation and started selling its products in May. As of September, Nghi Sơn Refinery had pumped nearly one…

Read More
Vietnam 

Dung Quất Biofuel Plant releases first product – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of Dung Quất Biofuel Plant in the central province of Quảng Ngãi. — VNA/VNS Photo Viet Nam News HÀ NỘI — Dung Quất Biofuel Plant in the central province of Quảng Ngãi produced its first batch of E100 ethanol fuel on Friday five days since restarting, company officials announced. According to Phạm Văn Vượng, director of Central Biofuels Joint Stock Company (BSR-BF), which operates the plant, the capacity is 9 cubic metres per hour and will be increased in the future. Sài Gòn Sundries Investment…

Read More
Vietnam 

Loss-making Dung Quất Biofuel plant resumes operation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Engineers of Dung Quất Biofuel plant monitor the production system. – Photo bsr.com.vn Viet Nam News HÀ NỘI — Dung Quất Biofuel plant resumed operations on Sunday, after operations were halted three years ago for inefficiency. Phạm Văn Vương, director of the Central Biofuel Joint Stock Company (BSR-BF), which operates Dung Quất Biofuel plant, said that the plant was expected to release pure Ethanol 100 on Wednesday. Production would continue until October 28, then be halted for several days so that necessary technical checks and maintenance could…

Read More