Wednesday, March 20 2019

VietNamNews

Dung Quất oil refinery produces 1.1 million tonnes of products in two months

Update: March, 06/2019 - 05:29
A corner of Dung Quất Oil Refinery Plant. The plant’s workers practice firefighting with support from the local firefighters. — VNA/VNS Photo Sỹ Thắng
Viet Nam News

HÀ NỘI — Dung Quất Oil Refinery Plant, operated by Bình Sơn Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 per cent of its designed capacity.

BSR’s revenue in the period hit VNĐ13.65 trillion (US$586.3 million), contributing VNĐ1.59 trillion to the State budget.

BSR said the firm has operated stably amid unpredictable changes of global crude oil prices.

According to S&P Global Platts Insight Magazine - a specialised magazine on world oil and gas published in Singapore, the oil price tended to increase at the end of February and the beginning of March, so BSR’s profit is forecast to rise.

For efficient production in March and beyond, BSR will continue focusing on controlling production costs, optimising production and reducing crude oil consumption for processing.

It is also optimising the operation of Dung Quất oil refinery plant by adjusting the product structure, focusing on maximising the amount of highly effective products.

In addition, BSR has also taken measures such as minimising operating expenses, applying technical improvement innovation and reducing storage, along with management and macro administration solutions, aiming to achieve good profit in the first quarter of 2019. — VNS

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