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The Vietnam refinery completed its comprehensive maintenance a week earlier than planned

15-10-2023

The Vietnamese Nghi Son Refinery and Petrochemical Complex (NSRP) announced the successful completion of the refinery's first major periodic comprehensive maintenance work, 55 days earlier than planned, and the resumption of product sales last October 12. In a statement to the Vietnam Refinery Company, the company confirmed that despite the scarcity of global crude oil supplies, the Kuwait Petroleum Corporation did not hesitate to supply the refinery with Kuwaiti crude oil and increase the quantities of supplies to the refinery, which would contribute to operating the refinery at maximum capacity, which will become possible after the completion of maintenance work, which will It contributes to supporting economic growth and the continuous increase in demand for energy by providing various petroleum products such as gasoline, diesel, and jet fuel used for the purposes of transportation, industry, and power generation. The statement attributed this success to the efforts of the distinguished efforts of the employees of the Vietnamese Nghe Son Refinery and Petrochemical Complex Company in cooperation with the local authorities in addition to the global partners, including the Kuwait Petroleum International Company, the Japanese partner Idamitsu Kosan, and the Vietnamese partner PetroVietnam, and their continuous support was one of the most important reasons for the success of the comprehensive, periodic maintenance of the refinery. For his part, Director General of the Nghi Son Refinery, Su Hasegawa, announced the successful and safe completion of the first comprehensive maintenance of the refinery before the planned date, starting from October 11, and the operation of all main units was completed and their readiness to supply the local market with petroleum products was confirmed, as of October 12. He said that the prominent investment in such projects for the future of energy in Vietnam confirms our full commitment to working with the relevant authorities in accordance with the agreed upon terms to successfully complete the comprehensive maintenance of the refinery within the specified time and budget. He added that by working in partnership with PetroVietnam and the distribution branch of PetroVietnam, the Nghe Son refinery and petrochemical complex has a clear vision for a sustainable and prosperous commercial future, as the primary mission of the Nghe Son refinery is to have a leading role in long-term energy supply to support continued growth. In Vietnam. He stressed that the partners’ financial contribution ensures that the refinery continues to play an important role in the sustainable social and economic development of the local community in Vietnam, as the partners and the refinery company are working to extend the necessary agreements before the end of November 2023 to ensure the continuity of the Nghe Son refinery and petrochemical complex. He pointed out that the successful completion of the comprehensive and periodic maintenance of the refinery by the Nghe Son Refinery and Petrochemical Complex Company contributes to achieving many notable benefits to the partners and to Vietnam, including assistance in meeting the increasing demand for energy, which will enhance economic growth and ensure energy security in Vietnam in addition to the operational stability of the refinery, which will It enhances the entity of the refinery company, in addition to providing direct and indirect job opportunities and supporting local projects and economic development. It should be noted that the Nghe Son Refinery and Petrochemical Complex Company has achieved about an additional 100 million US dollars since 2021, through the implementation of a number of initiatives of the comprehensive transformation plan (Transformation) for the refinery company. It is expected that the comprehensive transformation plan initiatives will achieve 150 million US dollars in additional income in a way. Sustainable in the coming years.

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