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
Vietnam central province to revoke land from terminated oil refinery project
Phu Yen province plans to reclaim 134 hectares of land that had been designated for the Vung Ro oil refinery after the investor terminated the project.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery beats maintenance schedule
Maintenance work at the Nghi Son oil refinery in Thanh Hoa province, central Vietnam was completed Wednesday, seven days ahead of the 55-day schedule.
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
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
Vietnam approves $11.4 bln fuel storage development plan
The Vietnamese government has approved a master plan to develop the national oil and gas storage system by 2030 with an estimated investment of VND270 trillion ($11.42 billion).
Energy - 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
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
Petrovietnam’s proposed $19 bln petrochemical complex a necessity: ministry
State-run Petrovietnam’s proposal on investing around $19 billion to develop an oil refinery and national petroleum reserve in the south is "reasonable", says the Ministry of Industry and Trade.
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 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
Vietnam can meet fuel demand this year: ministry
Vietnam can fully meet its fuel demand for the rest of this year, with domestic sources accounting for 80% of supply, the Ministry of Industry and Trade reported.
Economy - 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
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
Chemicals giant proposes $2.47 bln projects in Central Highlands
Duc Giang Chemicals Group, one of Vietnam’s industry leaders, is proposing to invest about VND57,300 billion ($2.47 billion) in two factories in the Central Highlands province of Dak Nong.
Industries - 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
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