started · updated
Dung Quat Oil Refinery receives 1.25 million barrels of crude oil
During the September 2 National Day holiday, the Dung Quat Oil Refinery, managed by Binh Son Refining and Petrochemical Joint Stock Company (BSR) and a member of PetroVietnam, received approximately 1.25 million barrels of crude oil. The reception was completed via two shipments from the vessels PVT Hera and PVT Mercury, ensuring continuous production and national energy security.
Separately, Fitch Ratings has maintained BSR’s long-term credit rating at ‘BB+’ with a ‘Stable’ outlook. This rating is equivalent to the credit ratings of PetroVietnam and the Vietnamese government, representing the highest level BSR can achieve under the national ceiling. Additionally, preparations are underway for the EPC contract of the Dung Quat Oil Refinery upgrade and expansion project following its signing in July 2026.
Entities
Binh Son Refining and Petrochemical Joint Stock Company · Dung Quat Oil Refinery · Fitch Ratings · Petrovietnam