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BSR – Ten years of looking backward

On May 9th, 2008 PetroVietnam has issued Decision No. 1018 / QD-DKVN on the establishment of Binh Son Refining and Oil Company Limited (BSR). On June 9th, 2008, Vietnam Oil and Gas Group held the launching ceremony of BSR.

​Binh Son Refining and Petrochemical Company Limited (BSR) is a member of the Vietnam Oil and Gas Group (PetroVietnam), which is responsible for receiving, managing and operating Dung Dung Refinery.

After 10 years of its establishment and operation, BSR has guaranteed their safe, continuous and stable operation of Dung Quat refinery and also exceeded the designed capacity. It also play a pioneering role and lay the foundations for the development of the petrochemical industry in Vietnam as well as a place to train high quality human resources in this field.

So far, the factory has produced more than 52.1 million tons of products; total revenue of 905.3 trillion VND (equivalent to nearly 40 billion USD); contributing 148.24 trillion VND (equivalent to over 6 billion USD) to the state budget; the profit after tax reached 18.6 trillion VND.

BSR has made an important contribution to the socio-economic development of Quang Ngai Province in particular and the Central Highlands in general.

Over the past 10 years, BSR has been becoming the highlight of the entire oil & gas industry in the emulation movement of labor excellence, creative work, passion for scientific research and innovative ideas. In addition, BSR has always shown its responsibility to the community and society when actively participating in social security, gratitude, disaster relief in the areas suffering from storms and floods in Quang Ngai province and other localities with the total cost of VND 330 billion so far.

BSR has been awarded many noble titles and awards , such as: the second-class Labor Medal, the emulation flag, the National Quality Gold Award and Gold Star Order, etc by the Party, State, Ministry of Industry and Trade, Vietnam Oil and Gas Group and other economic organizations. All of these have confirmed that Dung Quat Oil Refinery is a leader of Vietnam’s oil and gas industry, contributing significantly to the meeting the energy needs for the country’s economic development as well as ensuring national energy security.

Here are some highlights of BSR last 10 years:

the launching ceremony of BSR on June 9th, 2008.

On February 22nd, 2009, BSR held ceremony to welcome their first product.

On 6 January 2011 BSR held the inauguration ceremony of Dung Quat Oil Refinery.

On January 23, 2015, Quang Ngai People’s Committee held a ceremony to announce the investment project to upgrade and expand Dung Quat oil refinery.

On January 17th, 2018, BSR’s shares were successfully auctioned.

By T.Giang

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Editor:Mr.Dam Minh Le - Vice Chairman
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