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Dung Quat oil refinery celebrates the 10th anniversary of the first commercial product line

10 years ago, on February 22nd, 2009 at Dung Quat Oil Refinery, Vietnam Oil and Gas Group (PVN) held a ceremony to celebrate the first commercial product line of Dung Quat oil refinery. This is an especially important event of PVN, marking the start of the country’s petrochemical and refining industry.

The leaders of the Party and State cut the ribbon to welcome the first commercial product of Dung Quat Oil Refinery.

Since coming into operation, Binh Son Refinery and Petrochemical (BSR) has managed their plant safely, stably and effectively, contributing significantly to the State budget, contributing to ensuring National energy security.

After 10 years of operation, Dung Quat oil refinery has processed and exported 57 million tons of various products to the market, earning 995 thousand billion dong (equivalent to 40 billion USD), contributing to the State budget  more than 157 trillion dong (equivalent to 7 billion USD).

In 2018, their products were over 7 million tons, exceeding 111.3% of the yearly plan; revenue reached 113.5 trillion VND, exceeding 145.3% of the yearly plan; submiting 11,645 thousand billion dong to the state budget, exceeding 139.7% of the year plan.

One of the outstanding achievements of BSR in 2018 is the success of IPO. More than 242 million shares were sold to investors, equivalent to nearly 8% of BSR shares, contributed to the State budget more than 5,414 billion VND. BSR is also actively seeking investors to implement the project of upgrading and expanding Dung Quat oil refinery and improving the efficiency of the existing plant.

The tank truck receives the first products of Dung Quat Oil Refinery.

In order for BSR to create the output value, revenue and profit above, Dung Quat oil refinery has always been operated continuously and stably at 105% of design capacity last year. The company always implements energy and technology solutions; applies scientific research to reduce costs, improve production efficiency. Especially in the safety of working hours, Dung Quat oil refinery has reached the 20 million hours of working.

With their achievements in the past years, BSR was honored to receive the Third-class Labor Medal by the Government (2013), Second-class Labor Medal (2014) and many other titles and awards such as Merit of the Prime Minister (2010, 2013); Emulation flag of the Government (2011, 2014); Certificate of Merit from the Ministry of Industry and Trade (2011, 2012, 2013, 2014); Emulation flag of Ministry of Industry and Trade (2009, 3015); Certificate of Merit from the Ministry of Public Security (2012), etc.

Dung Quat Oil Refinery products won the Gold Medal at Vietnam Expo (2011, 2012, 2013); National Quality Awards (2013, 2016); The title of Vietnam Gold Star (2015, 2018) …

Dung Quat oil refinery – Vietnam’s first refinery.

In addition, according to the evaluation of Vietnam Report, BSR is the 16th enterprise in the Top 500 most profitable enterprises in 2017 and 7th in Vietnam largest enterprises.

The main task of BSR in the upcoming period is to continue to operate Dung Quat oil refinery safely, stably, effectively, and actively preparing for the 4th round of general maintenance in 2020 and implementing the project to upgrade and expand the plant according to the assigned schedule.

By T.Giang

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Agency:Copyright by the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority
Email: dungquat@quangngai.gov.vn
Editor:Mr.Dam Minh Le - Vice Chairman
Address: Van Tương New urban area - Binh Son District - Quang Ngai Province
Tel: 0255.3645828 / 3640442 * Fax: 0255.3645828