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Tuesday, July 16, 2024

Dung Quat refinery operates at 110% capacity during Tet

The Saigon Times

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HCMC – Binh Son Refining and Petrochemical Joint Stock Company (BSR), the operator of Dung Quat Oil Refinery in the central coastal province of Quang Ngai, has kept the refinery running at 110% capacity over the Lunar New Year holiday, or Tet.

BSR, a PetroVietnam subsidiary, produces 590,00 tons of petroleum products to meet the rising local demand in January.

The firm has deployed staff on duty throughout to increase the facility’s output by 1.5 times.

BSR recently imported two shipments of crude oil totaling 160,000 tons to maintain production.

The company’s revenue in 2022 amounted to VND167,123 billion, rising by 65% over 2021. Its net profit reached VND14,450 billion, an increase of 115% year-over-year.

Dung Quat is scheduled to undergo its fifth maintenance in the second quarter, which is expected to last about 50 days. The estimated output may drop by 1-1.2 million cubic meters.

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