Refinery company fulfils tasks ahead of target

The Binh Son Refining and PetroChemical JSC (BSR) completed several tasks for the year on November 23, 38 days earlier than planned.

refinery company fulfils tasks ahead of target hinh 0
Inside Dung Quat oil refinery

In the past 11 months, the BSR manufactured 6.4 million tonnes of products, earning over VND103 trillion (US$4.47 billion), up 32.9% from the plan. Its revenue to the State budget neared VND11 trillion, 31.6% higher than the target. 

It also saved more than VND824 billion in production costs, surpassing 70.76% of the yearly plan. Its Energy Efficiency Index averaged 103.4% compared to the 105% +/-1% plan. Six measures have been successfully launched, helping the BSR save about US$1.9 million each year on average. 

The company optimised RON 95 petrol manufacturing to maximise profits and meet demand. 

In the eight years of operating the plant, the BSR added nearly US$7 billion to the State budget, tripling its initial capital, accounting for 80% of its home central Quang Ngai province’s revenue to the State budget. 

According to the Vietnam Report, the BSR ranked seventh in the list of top Vietnamese companies 2017, and 14th in the list of the top 500 profitable enterprises. 

For 2019, the BSR has set the goal of operating Dung Quat oil refinery plant safely and stably. 

It will also continue divesting Vietnam’s National Oil and Gas Group (PetroVietnam)’s capital after equitisation and upgrading Dung Quat oil refinery plant as scheduled.


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