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Gazprom Neft, one of the leading oil producers in Russia, is concluding a deal with a Vietnamese partner acquire a stake at the Dung Quat oil refinery and to modernise the plant.

After nearly a year of changing the operating model to a joint stock company, Binh Son Refinery Joint Stock Company (BSR) has shown the strong steps even in the most difficult times of the market to affirm as a leading company in backyard of  PetroVietnam (PVN) with a good result “stable production and efficient business”.

Authorities in central Quang Ngai Province want more concessions for their Dung Quat oil refinery to match those given to a competitor.

Mr. Tran Ngoc Cang, the Chairman of Quang Ngai Provincial People’s Committee (PPC) and Ms. Atul Nargund, Vice Chairman of Sembcorp (Singapore) have signed the MOU on cooperation in developing Dung Quat gas fired Power Project.

The Prime Minister has approved in writing document the proposal of the Ministry of Industry and Trade (MoIT) on adjusting and supplementing the Hoa Phat Dung Quat PPP into the National Power Development Planning in the 2011-2020 period, with a vision to 2030.

  The Vietnam Union of Science and Technology Associations (VUSTA) announced the projects awarded with the “Vietnam Fund for Scientific and Technological Creations (VIFOTEC)” prize. Among the awarded projects there is the third prize of the engineer Dao Xuan Gioi and his coworkers in Binh Son Single Member Refining and Petrochemical Company Ltd (BSR) with the “Solutions for decreasing bridge wall temperature (BWT), flue gas temperature, and saving fuel for H-1101 heat gain furnace at the crude oil distilling unit (CDU) of Dung Quat Refinery”.

The Gazprom Neft Corporation of Russia has officially sent a letter with a proposal to stop the negotiation process on transferring a 49% stake of Dung Quat Oil Refinery Plant (ORP).

By this February, 5 years has gone since Dung Quat oil refinery plant produced its first commercial product in February 2009. Prime Minister Nguyen Tan Dung previously assessed that Dung Quat oil refinery plant’s putting into operation had importance in terms of political and economic – social aspects, defense and security in the process of industrialization and modernization of the country, contributed to ensuring national energy security; confirmed that the selection of location and construction of the plant was the right investment decision of the Party and the State...

The central committee of the Vietnam Environmental Economics Association (under the Ministry of Natural Resources and Environment) has just recognized Dung Quat Oil Refinery Plant, which has achieved the Top 10 of "Friendly Green Plants" and the product line of unleaded petrol: RON 95-III, RON 92-II, E5 RON 92-II and diesel fuel (DO 0,005S) of Dung Quat Oil Refinery has achieved the Top 20 of “Environmentally Friendly Products” in 2018.

The UK’s Amec Foster Wheeler Energy Limited ( Foster Wheeler) has been hired to outline a master design for the project to expand and upgrade the Dung Quat oil refinery in the central coastal province of Quang Ngai, which is expected to increase its capacity to 8.5 million tonnes per year.

On 9th June 2014, PetroVietnam President and CEO Do Van Hau had a meeting with Gazprom Neft delegation headed by CEO ABDyukov regarding the cooperation and investment into Dung Quat Oil Refinery Upgrading Project.

From September 9 to 12, 2019, the delegation of Binh Son Petrochemical Joint Stock Company (BSR) led by General Director Bui Minh Tien attended the 35th APPEC Conference in Singapore. This is an opportunity for BSR to contact and discuss with partners to expand opportunities for importing crude oil for Dung Quat Oil Refinery.

At the working meeting with the key leaders of Quang Ngai province on Feb 22, President Truong Tan Sang affirmed: Although the crude oil prices in the world continue sharp fall, Vietnam still is determined to upgrade and expand Dung Quat oil refinery Plant in coming time.