Dung Quat refinery set for $1.49 bln expansion to increase output by 16%
Binh Son Refining and Petrochemical JSC (BSR), the operator of Dung Quat oil refinery and a subsidiary of state-owned Petrovietnam, is set to spend VND36,397 billion ($1.49 billion) on expanding the refinery.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first oil refinery prepares for fifth, most comprehensive maintenance
Binh Son Refining and Petrochemical JSC (BSR), operator of Dung Quat, Vietnam’s first oil refinery, will conduct its fifth general maintenance from March 15 to May 1, or 48 days.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Operator of Vietnam’s first oil refinery sees 2023 profit drop 42% to $348 mln
Binh Son Refining and Petrochemical JSC (BSR), the operator of the first oil refinery in Vietnam – Dung Quat, reported a consolidated net profit of VND8.51 trillion ($348.5 million) in 2023, down 42.2% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dung Quat set to become green, smart economic zone
The Dung Quat Economic Zone will be developed into a specialized, green, smart and sustainable economic zone, and continue to be the driving force for socio-economic growth in Quang Ngai province and the central key economic region, said a local official.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central province partners with Invest Global to source FDI
The Management Board of Dung Quat Economic Zone and Industrial Parks in Quang Ngai province has signed an MoU with Hanoi-based consultant Invest Global to look for potential large foreign investors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
World’s No. 1 oil firm Aramco eyes petrochemical plant in Vietnam
State-owned Saudi Arabian Oil Group, or Aramco – the world’s largest oil producer, has expressed interest in building a petrochemical plant in Vietnam, which has been a net energy importer for years.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm strikes deal to settle Vietnam refineries corruption cases
American chemical maker Albemarle Corporation has struck a $218 million plus deal with the U.S. justice department to settle corruption cases in Vietnam, Indonesia and India.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steelmaker Hoa Phat welcomes first container ship to new port
The Hoa Phat Dung Quat general container port, invested by Vietnam’s biggest steelmaker Hoa Phat Group, welcomed its first container ship on Sunday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery to pause operations for maintenance
The Nghi Son oil refinery will pause operations for 55 days starting August 25, as it undergoes its first major maintenance after five years of operation.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea industrial giant Doosan's Vietnam unit earns $100 mln profit in 2022
Doosan Enerbility Vietnam Co., Ltd., the Vietnamese unit under South Korean industrial giant Doosan, earned a net profit of KRW129.72 billion ($100.6 million) in 2022, doubling year-on-year, according to Doosan Corporation’s consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s largest refinery avoids suspension with improved cash flow
Nghi Son, Vietnam’s largest refinery, is expected to avoid a prolonged suspension with improved cash flow enabling a November debt repayment, a Nikkei Asia report said Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Realty firm Phat Dat eyes 805-hectare urban, industrial area in central Vietnam
Phat Dat Real Estate Development Corporation plans to invest in an 805-hectare service, urban and industrial area within the Dung Quat Economic Zone (EZ) in the central province of Quang Ngai.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Ngai province approves $133 mln gas project for Germany's Messer
The industrial zone authority in Quang Ngai has given an in-principle nod to Messer, a German industrial gas producer, to build a $133 million factory in the central province's Dung Quat Economic Zone.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dung Quat oil refinery expansion priced at over $1.2 billion
Vietnam’s government has decided to expand the Dung Quat oil refinery's capacity to 171,000 barrels a day by 2028 from the current 148,000 barrels, with an investment of more than $1.2 billion.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dung Quat refinery operator doubles post-tax profit to $614 mln in 2022
Binh Son Refining and Petrochemical JSC, operator of Vietnam's first oil refinery Dung Quat, earned a post-tax profit of VND14,394 billion ($613.8 million) in 2022, up 115.4% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery resumes full capacity on Sunday
The Nghi Son oil refinery in central Vietnam completed repairs last Friday and resumed full capacity from Sunday afternoon, in line with the request of Minister of Industry and Trade Nguyen Hong Dien.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son refinery must fix technical issues, resume full capacity by Sunday: minister
Nghi Son Refinery and Petrochemical Complex must fix its technical issues and resume full capacity by Sunday, Minister of Industry and Trade Nguyen Hong Dien made the request while working with the complex on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son refinery output may fall 25% due to technical issues
Nghi Son Refinery and Petrochemical complex in Thanh Hoa province may have its output reduced by 20-25% in the first 10 days of January due to technical issues at its residue fluid catalytic cracking (RFCC) section.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Ngai province eyes energy, petrochemical center in Dung Quat
Quang Ngai has proposed the construction of a national petrochemical and energy center within its Dung Quat Economic Zone, during Prime Minister Pham Minh Chinh’s visit to the central province on Sunday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank asks Vietnamese lenders to support petrol importers
The State Bank of Vietnam has required commercial lenders to supply fuel importers sufficient loans to ease current petroleum shortages.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s biggest refinery to import 2.52 mln tons of crude oil in Q4
Nghi Son, Vietnam’s largest refinery, is importing 2.52 million tons of crude oil between October and December while running at full capacity to help maintain stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's biggest oil refinery to run at full capacity, ensure fuel supplies
Nghi Son Refinery and Petrochemicals, Vietnam's largest, will operate at full capacity in the fourth quarter to assure stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam to expand Dung Quat oil refinery with $1.2 bln investment
Petrovietnam has proposed an investment of $1.26 billion to expand the Dung Quat oil refinery's capacity to 171,000 barrels per day or 7.6 million tons a year, from the current figure of 6.5 million tons, subject to prime ministerial approval.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore-Vietnam joint venture plans second industrial park in Quang Ngai
VSIP, a joint venture between Singapore's Sembcorp and Vietnam's Becamex, is planning to develop its second industrial park in Quang Ngai province next year.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fire breaks out at Thai-invested Long Son petrochemical complex
A fire broke out Saturday afternoon at the Long Son Petrochemicals Complex in Vung Tau town, southern Vietnam, during a test run.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investors of Vietnam’s largest refinery focused on securing raw material input
Japan’s Idemitsu Kosan and the three other owners of Vietnam's largest refinery Nghi Son are giving priority to ensuring cash flow for the complex so as to import sufficient crude oil, an Idemitsu executive said Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Ngai to focus on smart urban investment
Quang Ngai is utilizing resources from the budget and businesses to invest in smart urban areas, with a target of developing the central province into a top-tier locality.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam pursues $19 bln petrochemical, reserve complex
State-run Petrovietnam has proposed the government consider investment for a $19 billion oil refinery and national crude oil, petroleum reserve in the south.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai group’s $5.4 bln Vietnam petrochemical complex 96% complete
The Siam Cement Group’s (SCG) Long Son Petrochemicals Complex in southern Vietnam was 96.2% complete as of July, according to a source with knowledge of the matter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam to house $1.5 bln petrochemical complex
Stavian Chemical, a major global polymers distributor with significant presence in Southeast Asia, has struck a deal to develop a $1.5 billion petrochemical facility in Quang Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Zarubezhneft, Gazpromneft seek opportunities from 1st Vietnam oil refinery
Two Russian companies, Zarubezhneft and Gazpromneft, have sent their working missions to Petrovietnam-owned Dung Quat Oil Refinery to explore investment cooperation opportunities.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam eyes US-based KBR involvement in Vietnam oil industry
The state-run Petrovietnam has suggested U.S. engineering and construction corporation KBR join investments in the mammoth Long Son Petrochemical Complex project in southern Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam seeks US partners for crude oil supply
Petrovietnam and Binh Son Refining have discussed the supply of crude oil to Vietnamese refineries with U.S. partners like Vitol, Tranfigura, and Shell Houston.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hoa Phat to build $3.7 bln steel project in central Vietnam
Hoa Phat Group, Vietnam’s top steel maker, will embark on constructing its Dung Quat 2 iron and steel project in Quang Ngai province this month, the company said in a release.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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