VOV.VN - The Ministry of Industry and Trade (MoIT) has affirmed that domestic fuel supply remains stable thanks to steady production from the country’s two major refineries and continued imports amid rising tensions in the Middle East.

The Vietnam Oil and Gas Group( Petrovietnam) Exploration Production Corporation (PVEP) on July 14 signed contracts to supply crude oil to the Dung Quat Oil Refinery, and supply and consume gas from Ky Lan field.

Since the Dung Quat Oil refinery – the first in Vietnam - was put into operation in 2009, it has served as a booster for the Dung Quat Economic Zone and the central province of Quang Ngai as a whole to lure both domestic and foreign investments.

Dung Quat oil refinery in the central province of Quang Ngai will be expanded to raise its capacity to 171,000 barrels per day, up from 148,000, with a total investment of US$1.26 billion.

The Vietnam Oil and Gas Group (PVN) recorded total revenue of VND931.2 trillion and pre-tax profit of over VND82.2 trillion (around US$3.5 billion), the highest in 61 years of the Vietnamese oil and gas industry’s history.

A grand ceremony commemorating the 100th birth anniversary of Prime Minister Vo Van Kiet (1922-2008) took place on November 23 in the Mekong Delta province of Vinh Long – the late leader’s native place.

VOV.VN - Binh Son Refining and Petrochemical JSc (BSR) that owns Dung Quat Oil Refinery made a profit after tax of VND12,899 billion, more than 3 times higher than the same period in 2021.

National Assembly Chairman Vuong Dinh Hue on July 25 asked the Binh Son Refining and Petrochemical JSC (BSR), a wholly-owned subsidiary of PetroVietnam, to mobilise all resources for the expansion and upgrading of the Dung Quat Oil Refinery.

VOV.VN - Dozens of experts and engineers on February 1-2 received and pumped 113,000 cubic metres of oil from Apollo oil tanker into Dung Quat oil refinery.

Mastering technology and constantly creating innovations are the ongoing aims of scientific and technological development and application projects conducted by the Vietnam Oil and Gas Group (PetroVietnam).