Proactive measures to safeguard energy supply

Global energy markets are facing growing uncertainty as conflicts in the Middle East continue to escalate. Rising geopolitical tensions have begun to affect crude oil supply, energy transport logistics and global raw material supply chains.

In response, the Vietnamese Government on March 6, 2026 issued Resolution No. 36 outlining urgent measures to secure fuel supply and manage gasoline prices amid the risk of supply disruptions from the Middle East.

Following the resolution, the Vietnam National Industry – Energy Group (Petrovietnam) has activated several response measures. The group and its subsidiaries have been given greater flexibility in purchasing and importing crude oil and fuel production feedstock to ensure supply for the domestic market.

At the same time, Petrovietnam has worked with relevant agencies to prepare safety plans for its personnel working in the Middle East. The group has also proposed that the Government consider regulating crude oil flows, including the option of suspending crude exports if necessary to prioritize domestic refining demand.

On the supply side, Petrovietnam has reviewed all input feedstock sources, including crude oil and intermediate petroleum products in stock from both domestic and imported sources. The review is designed to ensure stable operations at refineries in the coming months while limiting the impact of international market fluctuations.

The group is also working with international partners to secure additional crude supplies and support Nghi Son Refinery and Petrochemical LLC (NSRP) in signing new crude purchase contracts to maintain production.

Meanwhile, Binh Son Refining and Petrochemical Joint Stock Company (BSR) is operating the Dung Quat Oil Refinery at more than 100% capacity, helping boost fuel supply for the domestic market and standing ready to support Nghi Son when needed.

In the gas sector, PetroVietnam Gas Corporation (PV GAS) is supplying up to 9 million cubic meters of domestic gas per day to power plants, largely meeting the country’s electricity generation demand. For liquefied natural gas (LNG), PV GAS has arranged two LNG cargoes to ensure supply for electricity generation and industrial production in the coming period.

Strengthening energy self-reliance through domestic refineries

Within Vietnam’s energy sector, domestic refineries play a crucial role in ensuring national energy security.

Vietnam currently meets about 70% of its gasoline and oil demand domestically, mainly through the Dung Quat and Nghi Son refineries, while the remaining 30% is imported.

Among these, the Dung Quat refinery, with a processing capacity of about 6.5 million tonnes of crude oil per year, supplies more than 30% of domestic fuel demand. In recent years, the facility has consistently operated at high capacity, becoming a key pillar of the country’s energy security.

Product output reached about 7 million tonnes in 2022, 7.36 million tonnes in 2023, 6.6 million tonnes in 2024, and 7.9 million tonnes in 2025, highlighting the refinery’s growing role in securing fuel supply for the economy.

As global energy markets continue to shift, BSR has taken a range of measures to maintain stable operations at the Dung Quat refinery. These include strengthening risk management, increasing feedstock inventories and diversifying imported crude sources to avoid production disruptions.

Between March and May, BSR purchased about 3 million barrels of imported crude oil through trading partners to ensure feedstock supply for the refinery. The company is also seeking additional crude sources to maintain high operating capacity should an energy crisis persist.

Alongside fuel supply, BSR is also working with the Central Vietnam Biofuels Plant (BSR-BF) to maintain ethanol production used for blending E5 and E10 biofuels, supporting national policies on biofuel development and emissions reduction in the energy sector.

As the global energy market remains uncertain, proactive measures by Vietnamese energy companies are helping maintain stable domestic supply while limiting the impact of geopolitical shocks and strengthening Vietnam’s long-term energy self-reliance.

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