On the morning of July 3, 2025, the BSR delegation led by Mr. Bui Ngoc Duong - Chairman of the Board of Directors of the Company inspected the operation, maintenance and investment work at Dung Quat Oil Refinery. Also participating were Mr. Nguyen Viet Thang - General Director, Mr. Khuong Le Thanh - Member of the Board of Directors and leaders of BSR's functional departments.
Reporting at the inspection, Mr. Cao Tuan Si - Director of Dung Quat Refinery said: In the first 6 months of the year, the Plant maintained safe and stable operation at high capacity, at times reaching 124%. Key workshops were all optimized: CDU increased capacity from 114% to 118%, RFCC operated stably at 110%, the aviation fuel production workshop (KTU) increased to 140% to take advantage of the high selling price of Jet-A1 aviation fuel.
In particular, on July 3, Dung Quat Oil Refinery successfully produced granular sulfur products - an important step in the product diversification strategy, overcoming the limitations of liquid sulfur and opening up wider consumption opportunities at home and abroad. Currently, the production capacity is about 13 tons/day and can be increased according to market demand.
At the same time, the “Digital Factory” model is also being piloted at the RFCC workshop with Petro-SIM software, aiming at managing operations based on real-time data and optimizing efficiency. The Factory Board of Directors will evaluate the results and perfect the model to replicate it in all other workshops.
At the construction site of the Project to build additional crude oil storage tanks for the existing Dung Quat Refinery, representatives of the joint venture of contractors PTSC , PTSC Quang Ngai and BCA Thang Long committed to the Chairman of the Board of Directors and General Director of BSR to speed up the construction progress, determined to complete and put the project into operation 100 days ahead of schedule, thereby contributing to improving the initiative in raw materials and optimizing the overall operating efficiency of the Refinery.
At the construction site of the TK6001G crude oil tank cleaning project - Dung Quat Oil Refinery, related units are focusing resources, speeding up the implementation progress, with the determination to complete and put the tank back into operation 10 days earlier than the planned schedule, contributing to ensuring safety, improving the efficiency of receiving and storing raw materials for the Factory.
Directing the inspection, BSR Chairman Bui Ngoc Duong acknowledged and highly appreciated the sense of responsibility and the continuous efforts of the leaders, engineers and workers of the Factory Block in production operations, especially the proactive implementation of innovative solutions to improve operational efficiency, safety and production stability. BSR Chairman emphasized that in the context of many fluctuations in the energy market, in order to complete all production and business targets in 2025, the requirement for the Factory is to maintain safe, stable and efficient production at optimal capacity; at the same time, promote cost optimization, product diversification, increase added value and enhance competitiveness.
BSR General Director Nguyen Viet Thang also acknowledged and highly appreciated the Factory Block in production operations, especially the proactive and successful production of granular sulfur products - an important step in the roadmap to diversify products, optimize the value chain and improve business efficiency. The new sulfur product not only overcomes the limitations of liquid sulfur in storage and transportation, but also opens up opportunities to access larger markets, both domestically and internationally.
The General Director emphasized that this was the result of the spirit of innovation, decisive action and technological mastery of the BSR engineering team. He requested the units in the Factory Block to continue promoting the spirit of initiative, creativity and solidarity; strengthen equipment supervision, ensure absolute safety in all situations; improve the quality of human resources, especially the team of newly recruited young engineers; and proactively research and propose new technological solutions to improve production and business efficiency.
Regarding the project to build additional crude oil tanks and the project to clean up crude oil tanks, the General Director requested the Plant's Board of Directors, functional departments, and construction units to closely follow the progress of each item, not to be subjective or negligent in any stage, to ensure the highest progress, quality and safety, and to be determined to put the project into operation on schedule, in order to improve the initiative in terms of raw materials, increase operational efficiency and enhance the Plant's response capacity in the current fluctuations of the oil market.
In the first 6 months of 2025, BSR recorded very impressive business results: Total revenue reached more than 69,365 billion VND (exceeding 22% of the plan), pre-tax profit is estimated at 800 billion VND (exceeding 93% of the plan) and paid to the State budget more than 7,411 billion VND (exceeding 13% of the plan).
Linh Nhung
Source: https://bsr.com.vn/web/bsr/-/bsr-giu-vung-da-tang-truong-quyet-tam-hoan-thanh-ke-hoach-nam-2025
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