This March 2024, the Dung Quat Oil Refinery (Dung Quat Economic Zone, Quang Ngai) will stop for 50 days for regular maintenance. With experience from many previous maintenances, this maintenance will not only be completed with good technical expertise, but also extend the period for the next maintenance to 4 years, meaning that the maintenance will be repeated in 2028. That is also the deadline for the Dung Quat Oil Refinery to complete the factory upgrade project.
Engineers check equipment at Dung Quat oil refinery - one of the country's first oil refineries.
Working with Mr. Thanh Son, Deputy Head of Technical Department of Dung Quat Oil Refinery Upgrade Project, he told me that all preparations, from loan capital to the plan to implement the upgrade process, have been completed. This upgrade will bring the quality of Dung Quat oil refinery's gasoline to Euro 5 level, meaning that this level is qualified to sell Dung Quat gasoline around the world, meeting green standards in quality.
By increasing the operating capacity of Dung Quat oil refinery to 112%, as well as increasing the volume of goods sold by sea and road, Binh Son Refining and Petrochemical Company (BSR) has been seriously implementing Official Dispatch No. 09/CD-TTg of Prime Minister Pham Minh Chinh on ensuring adequate supply of gasoline for production, business and consumption during the Lunar New Year of Giap Thin 2024 and the coming time.
In addition, the instructions of the Ministry of Industry and Trade and the Vietnam Oil and Gas Group (PVN) on the supply of gasoline during the Lunar New Year have been implemented by BSR in accordance with the approved plan.
In the spirit of ensuring national energy security during Tet, BSR also thereby verifies the most certain safety of Dung Quat oil refinery operations, preparing for the factory upgrade process starting from 2024.
The implementation of the factory upgrade project is the biggest victory of Dung Quat oil refinery and BSR. After many years of working on a feasibility plan with great difficulty due to many reasons, this year, the most difficult stages of the project were approved "easily", when BSR's own capital completely helped the company take the initiative in the project, the borrowed capital only accounted for about 50% of the total capital.
This is the greatest success of BSR, not only helping Dung Quat oil refinery to successfully implement the upgrading project, but also making the factory become the central convergence point of the petrochemical industry in the entire Central region. The stature of Dung Quat oil refinery will be greatly enhanced when this project is completed in 2028.
Dung Quat oil refinery's gasoline quality will be upgraded to Euro 5 level
From success in ensuring national energy security to successful business with high profits for many years, Dung Quat oil refinery confirms the far-reaching vision of the late Prime Minister Vo Van Kiet when he decided to build an oil refinery in Dung Quat in Binh Son (Quang Ngai) and not any other location.
Now, the Dung Quat oil refinery has proven itself to be the most high-tech industrial locomotive in the Central region, and the attraction of the petrochemical industry center will be clearly evident from 2028. When there has been a country leader with such a far-sighted vision, opportunities coming to the country are certain.
According to Mr. Thanh Son, the "seesaw" possibility of world crude oil prices is an advantage for Dung Quat oil refinery. This possibility is present and can last, due to the very unstable fluctuations of the world's geopolitical weather.
Making the best use of opportunities, being proactive in production, and professional in management, Dung Quat Oil Refinery is confident of receiving good results from the Year of the Dragon, the year of the "Wooden Dragon", which according to many forecasters, is a favorable year for production and business at a high level.
Dung Quat Oil Refinery Project - Binh Son Refining and Petrochemical Joint Stock Company (BSR)
Construction site: Binh Thuan commune, Binh Son district, Quang Ngai province.
Capacity: 6.5 million tons of crude oil/year.
Raw materials: the plant is designed to process 100% Bach Ho oil or crude oil of equivalent quality.
Investment form: 100% capital of PVN. Operation time: Dung Quat oil refinery was handed over and put into commercial operation from May 30, 2010, contributing to the stable supply of gasoline and oil for the economy and national defense, ensuring energy security for the country.
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