• Will Vietnam expand its oil refinery capacity in 5 years?
  • Vietnam is looking to expand the capacity at state-run Dung Quat refinery by more than 30% in five years as Hanoi strives to maintain adequate volume of domestic oil products output amid recent financial troubles at Nghi Son refinery, while continuing to pursue its goal to progressively reduce the country’s reliance on imported essential fuels.
  • How much oil does dung QUT refinery produce a year?
  • The Dung Qu?t refinery has a capacity of 6.5 million tonnes crude per year (BSR, 2013; PetroVietnam, 2010), meeting about one-third of Vietnam¡¯s domestic demand for gasoline and diesel (ACFA, 2009).
  • Will Vietnam’s oil refining capacity quadruple by 2023?
  • Vietnam¡¯s total oil refining capacity will nearly quadruple by 2023 as two new refineries go on stream, market data provider Fitch Solutions reports. – VnExpress International
  • Who financed Vietnam’s Oil Refinery?
  • This was financed in part by the Bank for Foreign Trade of Vietnam (US$250 million; Hydrocarbons Technology, 2014). The refinery is owned by Vietnam¡¯s state-owned oil company, Vietnam Oil and Gas Group (PetroVietnam, 2010), and currently has an internal rate of return (IRR) of 8% (PetroVietnam, 2010).
  • How much refining capacity does Vietnam have?
  • Dung Quat and Nghi Son have a combined refining capacity of about 330,000 b/d, which was only enough to cover about half the country’s oil products and chemicals demand. Industry sources said they expected Vietnam to ramp up its domestic refining capacity as it moved to rely on domestic production to meet fuel demand.
  • Who owns Dung Quat refinery in Quang Ngai?
  • The Dung Quat refinery in the central province of Quang Ngai operated by the state-owned PetroVietnam¡¯s subsidiary Binh Son Refinery Limited (BSR) remains the sole facility now, with a crude oil processing capacity of 148,000 barrels per day (b/d). Dung Quat will soon be joined by Nghi Son refinery in the central Thanh Hoa Province.