Located in Thanh Hoa province, Nghi Son oil refinery and petrochemical complex is the biggest project in terms of construction scale and total investment capital.
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.
Many state-owned enterprises’ shares, which were listed on bourse, have fallen sharply after these enterprises had conducted their IPOs successfully.
Nghi Son refinery, Vietnam’s second oil refinery, is ready for commercial start-up from February 28, according to the latest announcement released by the Vietnam National Oil and Gas Group (PetroVietnam).
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.
Spanish-based energy company Repsol (Repsol), which has mineral rights to seven oil blocks on the continental shelf of Vietnam, is looking to expand its investment in oil and gas industry in Vietnam.
