Dung Quat refinery performs smoothly

Nhan Dan Online/VNA - The Dung Quat Oil Refinery, the first of its kind in Vietnam, has run smoothly and safely through 600 days and nights, during which it sold over 11 million tonnes of products to the market.

The Dung Quat Oil Refinery (Source: petrotimes.vn).
The Dung Quat Oil Refinery (Source: petrotimes.vn).

A ceremony was held on April 15 in the central province of Quang Ngai, where the plant is located, to mark the achievements of the refinery.

Global insurance companies and technology copyright holders presented certificates certifying the safe, stable and effective operation of the plant, which is operated by the Binh Son Refining and Petrochemical Company (BSR).

Since its operation in 2009, the plant has sold 26.7 million tonnes of products, raking in VND543 trillion (US$25.5 billion) in revenue, and contributing VND86 trillion (US$4.03 billion) to the State budget.

In the first three months of 2014, it marketed nearly 1.7 million tonnes of products, gaining over VND37 trillion (US$1.7 billion). It sent over VND7 trillion (US$333 million) to the State budget.

This year, BSR has set an earnings target of VND113.6 trillion (US$5.3 billion) from trading 5.18 million tonnes of products and expects to contribute over VND13.7 trillion (US$644 million) to the State budget.

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