Nghi Son Refinery and Petrochemical remains committed to safety and stability

How can NSRP ensure the supply of petroleum products in the domestic market this year?

Recently, the production activities of the NSRP refinery have demonstrated commendable stability, and we now serve over 35 per cent of the nation's petroleum requirements. However, the global economic and political landscape has become more complex, leading to a direct impact on both the domestic and international crude oil supply chains.

Binh Son Refining and Petrochemical JSC suspension of the Dung Quat Oil Refinery for a duration of 50 days this year owing to turnaround exemplifies this situation.

NSRP consistently prioritises the importance of ensuring safe and reliable refinery operations, optimising capacity, and enhancing petroleum production to meet the growing demand of the domestic market.

What does the recent achievement of NSRP surpassing 15 million safe man-hours say about the sustainable development of the company?

Achieving over 15 million safe man-hours without any lost-time injury is a significant milestone for NSRP, contributing remarkably to the stable and effective operation of the refinery. It reinforces the company's commitment to safety and exemplifies the culture of prioritising safety and efficiency in which we operate.

NSRP consistently reinforces its leadership role and provides strategic guidance to optimise its operational stability and maximise its production capacity. This approach yields significant cost savings across various areas, including human resources, support services, and maintenance and repair expenditures for equipment, thereby enhancing product performance and significantly contributing to helping the company gradually overcome obstacles.

How has NSRP's research and development in innovative and eco-friendly products helped Vietnam realise its net-zero goals?

With an ultra-low sulphur content of only 10 parts per million (ppm), the successful delivery of the Diesel Oil 10ppm product (D10) to the market stands as a notable accomplishment for the company this year. NSRP strives to manufacture products that adhere to the highest environmental standards and regulations.

Apart from D10, we are currently undertaking initiatives to ensure that all our petroleum products at NSRP attain Euro V level within the coming years.

Moreover, we have proactively implemented a transformative programme aimed at fostering research and introducing innovative measures to enhance both our production and operational efficiency.

For example, the implementation of energy-saving programmes has resulted in reduced fuel consumption and subsequently lowered emissions during the refinery's daily production activities.

What are some potential solutions and techniques NSRP are pursuing to increase the refinery's capacity?

NSRP places the utmost priority on maintaining the safe and stable operation of the refinery, consistently striving to enhance performance.

The company maintains a strong collaborative relationship with the licensors to engage in in-depth discussions regarding technical matters. Additionally, comprehensive evaluations of equipment and operating conditions are conducted to facilitate research.

NSRP successfully introduced several significant initiatives late last year to alleviate bottlenecks. We adhere to rigorous compliance measures by strictly controlling the management of change, and identify and mitigate potential safety hazards in production operations

What is NSRP's plan to overcome challenges and ensure a stable supply of petrol?

In the first quarter of 2024, NSRP accomplished a noteworthy feat by producing 2.73 million cubic metres (cu.m) of petrol and oil products and delivering 2.65 million cu.m to the market, surpassing projections.

Looking ahead, the company remains resolute in its commitment to ensuring the safe and stable operation of the refinery to maintain optimal production and business efficiency, while simultaneously ensure a reliable and steady supply of petrol for the domestic market.

To accomplish our objectives, in addition to bolstering internal management and administration and enhancing the capabilities of the staff, we will require support from authorities, sponsors, lenders, and suppliers to address pertinent matters effectively and expedite the sale of our products in a timely manner.

Nghi Son Refinery back online Nghi Son Refinery and Petrochemical LLC today announced that the refinery is resuming its normal operations and will deliver petroleum products to the market from October 12, seven days ahead of schedule.

Nghi Son Refinery and Petrochemical on schedule Nghi Son Refinery and Petrochemical LLC has successfully reached 70 per cent of its planned turnaround progress as of September 18.

Nghi Son Refinery celebrates first anniversary Nghi Son Refinery and Petrochemical LLC (NSRP) has produced approximately 4.6 million tonnes of petroleum fuel products in its first year, meeting around 33 per cent of Vietnam’s fuel demand. Up to November 2019, NSRP has contributed over VND11.66 trillion ($506.96 million) to the state budget.