Key projects
Fri, 13/11/2015, 02:33 GMT+7
BSR fulfills target 50 days ahead
At 19:30 o’clock of 11th November 2015, the production gauge of Dung Quat Oil Refinery indicated 5.86 million tons. Binh Son Refining and Petrochemical Company Limited (BSR) has fulfilled production target of 2015, at the same time hit the milestone 50 days ahead.

It is expected that BSR will produce 6.8 million tons of petroleum in 2015, over-fulfilling 116.1% target of the year.


At 19:30 o’clock of 11th November 2015, the company has sold 5.87 million tons of products of all kinds. According to the plan, the Company will sell approximately 6.82 million tons of petroleum of all kinds in 2015, equivalent to 116.3% target of the year.


cong ty loc hoa dau binh son ve dich som 50 ngay

Dung Quat Oil Refinery


By the end of October 2015, BSR’s revenue was 81,652 billion dong; the company has contributed over 18,297 billion dong to the State budget, exceeding 114% of the year plan. In addition, BSR has imported 81 shipments of crude oil and had 5 million hours of safe work.


Despite disadvantages in 2015 such as fluctuation in crude oil price, import tariff policy, exchange rate, under the close guidance and attention of Vietnam Oil and Gas Group; support from leaders of Quang Ngai province, BSR has overcome difficulties to maintain the safe and stable operation of Dung Quat Oil Refinery at 103-107% of the design capacity.


Since the oil refinery went into operation so far, the company has produced 36,283 million tons of petroleum products of all kinds; earned net revenue of over 710 trillion dong; contributed 120.3 trillion dong to the State budget. BSR has safely imported 514 shipments of crude oil with total amount of over 40 million tons (from late 2008 to present).


Besides the fulfillment of production and business targets, BSR is actively implementing Dung Quat Oil Refinery Upgrading and Expanding Project and the company equitization roadmap.


The project management board is actively deploying items, packages in accordance with the approved master schedule. In 2015, two important packages have been signed, i.e. the FEED contract with Amec Foster Wheeler Energy Limited (UK) and PC Contract, FEED stage with Quad Personnel Consultants.


In mid-October 2015 in the UK, BSR/ Project Management Board (DQRE) held kick-off meeting of Dung Quat Oil Refinery Upgrading and Expanding Project with Amec Foster Wheeler Energy Limited.


On 6th November 2015, PVN Board of Directors issued Decision No. 2665/QD-DKVN regarding the equitization of BSR. Accordingly, the company will be equitized and its value will be defined by the Group no later than 31st December 2015.


Recently, BSR has proactively prepared the strategy for equitization such as finalization of equitization plan to submit to PVN; promotion of activities relating to finding share purchasing partners, asset valuation consultant; proposal of staff for equitization group; especially establishment of communication project for equitization roadmap in 2016.