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Friday, January 27, 2023

Nghi Son oil refinery back to normal as technical issues settled

The Saigon Times

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HCMC – The Nghi Son oil refinery in the north-central province of Thanh Hoa addressed its technical issues a day earlier than expected and resumed operations at full capacity from yesterday afternoon, January 15.

The oil refinery ramped up efforts to fix the leakage of its residual fluid catalytic cracking (RFCC) unit and completed it on January 13. The RFCC unit then returned to regular operation, said the oil refinery’s operator, Nghi Son Refinery and Petrochemical LLC.

The refinery will speed up its production in the second half of this month to compensate for the shortage caused by the technical issues in late December last year.

Le Quoc Vinh, deputy general director of the Nghi Son Refinery and Petrochemical LLC, pledged that the refinery would ensure a sufficient supply for the domestic market before, during and after the Lunar New Year holiday, Vietnam’s biggest and longest annual holiday.

The refinery encountered a leakage in the RFCC unit in late December last year, prompting it to operate at 85% capacity. Besides, its fuel output fell by 20-25%, equivalent to nearly 200,000 cubic meters, from the target set for this month at 800,000 cubic meters.

Late last week, Minister of Industry and Trade Nguyen Hong Dien visited the oil refinery to get updates on the troubleshooting progress over the technical issues affecting fuel supply. He asked the refinery to facilitate efforts to fix the leakage by January 15 to get the refinery back to normal operations.

Due to financial woes, the refinery had to scale down production from 100% to 80% of capacity and then 55%-60% early last year.

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