Binh Son refining company earns 39.3 million USD in profit
The Binh Son Refining and Petrochemical JSC (BSR) has reported that it earned 906 billion VND (39.3 million USD) in profit in the first half of this year.
Hanoi (VNA) – The Binh Son Refining and Petrochemical JSC (BSR) has reportedthat it earned 906 billion VND (39.3 million USD) in profit in the first halfof this year.
Duringthe period, the company produced 3.4 million tonnes of petrol, up 5 percentfrom the target, bringing in a total revenue of over 51 trillion VND and addingmore than 4.7 trillion VND to the State budget, surpassing the first-half plan.
Italso raised the capacity of factories at Dung Quat oil refinery by between 112percent and 150 percent, contributing to improving business efficiency.
Inparticular, the refinery successfully processed 1 million barrels of crude oilWTI imported from the US.
Inthe remaining months of this year, BSR will import additional 2-3 millionbarrels of crude oi WTI from the US.-VNA
The Dung Quat Oil Refinery Plant, operated by the Binh Son Refining and Petrochemical Company (BSR), produced more than 1.1 million tonnes of products in the first two months of 2019 using 108 percent of its designed capacity.
The Ministry of Natural Resources and Environment has approved the environmental impact assessment report of a project to upgrade and expand the Dung Quat Oil Refinery, which is operated by the Binh Son Refining and Petrochemical Company (BSR).
The Binh Son Refining and Petrochemical Company (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam – PVN), grossed over 112 trillion VND (4.83 billion USD) in revenue in 2018 thanks to the production and sale of over 7 million tonnes of its products.
The Dung Quat oil refinery, based in the central province of Quang Ngai, exceeded its designed capacity by 7 percent in the first quarter of 2019, helping it gain over 606 billion VND (26 million USD) in post-tax profit during the period.
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Illustrative image (Photo: BSR) 
