Refinery company fulfils tasks ahead of target

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The Binh Son Refining and PetroChemical JSC (BSR) completed several tasks for the year on November 23, 38 days earlier than planned. 

In the past 11 months, the BSR manufactured 6.4 million tonnes of products, earning over 103 trillion VND (4.47 billion USD), up 32.9 percent from the plan. Its revenue to the State budget neared 11 trillion VND, 31.6 percent higher than the target.

It also saved more than 824 billion VND in production costs, surpassing 70.76 percent of the yearly plan. Its Energy Efficiency Index averaged 103.4 percent compared to the 105 percent +/-1 percent plan. Six measures have been successfully launched, helping the BSR save about 1.9 million USD each year on average.

The company optimised RON 95 petrol manufacturing to maximise profits and meet demand.

In the eight years of operating the plant, the BSR added nearly 7 billion USD to the State budget, tripling its initial capital, accounting for 80 percent of its home central Quang Ngai province’s revenue to the State budget.

According to the Vietnam Report, the BSR ranked seventh in the list of top Vietnamese companies 2017, and 14th in the list of the top 500 profitable enterprises.

For 2019, the BSR has set the goal of operating Dung Quat oil refinery plant safely and stably.

It will also continue divesting Vietnam’s National Oil and Gas Group (PetroVietnam)’s capital after equitization and upgrading Dung Quat oil refinery plant as scheduled.

Theo VNA