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.

The $9 billion refinery, with a capacity of 200,000 barrels per day, is 35.1% owned by Japan's Idemitsu Kosan, 35.1% by Kuwait Petroleum, 25.1% by state-run Petrovietnam, and 4.7% by Japan’s Mitsui Chemicals.

Petrovietnam CEO Le Manh Hung, during his working visit to the refinery in the central province of Thanh Hoa on Sunday, received the figures for the Q4 importation from Nghi Son’s management.

Each month will see 280,000 tons of imports as part of the 2.52-million-ton total for the period. In addition, Nghi Son is making crude oil import plans for the first quarter of 2023, to be submitted to the Ministry of Trade and Industry, factory director Le Nguyen Quoc Vinh reported to Hung.

The largest refinery was running at 103.5% of its capacity during October, and will operate at 100% in November and December, Vinh said.

Meanwhile, Vietnam’s second oil refinery, Dung Quat, said it started to run at 112% of its capacity at the end of October 5 from a previous 109%, also to help maintain supply. Normally, the complex runs at 103% of its capacity but had earlier upped to 105% and 107%, then to 109%.

Petrovietnam-invested Dung Quat is in Quang Ngai province, also in central Vietnam.