In the first half of 2018, revenue of Binh Son Refining and Petrochemical (BSR) which operates Vietnam’s first Dung Quat oil refinery is estimated to reach up to $2.4 billion, fulfilling 71 per cent of its full year target.
The equitization plan of three subsidiaries of Vietnam Oil and Gas Group (PetroVietnam), namely Binh Son Refining and Petrochemical Company Limited (BSR), PetroVietnam Oil Corporation (PVOil) and Electricity Corporation Vietnam Petroleum (PV Power), has been approved.
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The initial public offering (IPO) of Vietnam's Binh Son Refining and Petrochemical (BSR), scheduled on November 07, will be delayed until January 2018 due to the lack of strategic partners.
According to the Investigative Police, the receipt and use of unofficial payments at Vietsovpetro (VSP), Binh Son Refining and Petrochemical Company Limited (BSR) and PetroVietnam Exploration Production Corporation (PVEP) are acts of law violation.
Vietnam's sole refinery operator Binh Son Refinery (BSR) said on Thursday it has been valued at 72.88 trillion dong ($3.21 billion) as at end-2015, as it prepares for an initial public offering (IPO) late this year.
Bình Sơn Refining and Petrochemical Company Limited (BSR), the operating and managing unit for the Dung Quất Refinery, has sent invitations to 15 domestic and foreign investment funds in preparation for its initial public offering (IPO) in the third quarter of 2017.
