While it was rumored that the Dung Quat Oil Refinery had temporarily halted operations, its operator, the Binh Son Refinery and Petrochemical Co Ltd, asserted in a media meeting on Monday that the plant is still running at full capacity. “It’s understandable that such a huge and significant refinery like Dung Quat receives special attention from the public, but some false information has been circulated these days,” CEO Nguyen Hoai Giang told reporters. Dung Quat is the country’s sole oil refinery, the construction of which consumed an enormous investment of US$2.2 billion. The Quang Ngai-based refinery, however, has had to undergo several suspensions for repair and maintenance since it began initial operation in 2009. The latest suspension ran from August 16 to 23, but the refinery has since “been constantly operating without any shutdowns,” the CEO asserted. The fuel commodities produced by Dung Quat are estimated to cover some 30 percent of the domestic consumption, but local fuel wholesalers have reportedly had to increase imports as the refinery supply was unstable. But Giang denied this, saying that although the refinery had to operate below capacity at some points, its supply remained stable as it always informed wholesalers of the reduced supply weeks in advance. “We also had to import 1,000 – 3,000 tons of fuel to make up for the reduction,” he said.Faults are OK As for the number of technical faults the refinery has suffered over the last three years, Giang said it is normal for such a huge plant with millions of parts to break down. “What’s important is we are more experienced in dealing with the faults,” he said. “Technical faults are not something particular to Dung Quat, but common for every plant or refinery in the world.” But he admitted that there are still a few more steps before the refinery is fully completed. “Similar technical faults should be completely solved before we officially take over the refinery from the contractor, Technip, by the end of this year,” he said.
More
Ho Chi Minh City among world’s 5 fastest-sinking cities: research
The city subsides by 10-15mm annually
Highlights
Ho Chi Minh City among world’s 5 fastest-sinking cities: research
The city subsides by 10-15mm annually
Latest news
Ho Chi Minh City among world’s 5 fastest-sinking cities: research
The city subsides by 10-15mm annually
Japanese seafood processing giant opens $13mn factory in Vietnam
Kyokuyo plans to export products from this factory to around the world, including to Japan and Southeast Asia
US$590,000 awarded to winners of Vietnam’s largest green growth competition
The contest received 500 applications from 55 countries and territories worldwide
Vietnam reports nearly 70,000 deaths linked to antimicrobial resistance annually
AMR poses a severe public health threat in the country, making infections harder to treat, increasing mortality rates, and driving up healthcare costs
Vietnam men’s football team heads to S. Korea for 2024 ASEAN Championship training
The team is scheduled to play three practice matches against local football clubs
Vietnam receives 5 first T-6C trainer aircraft from US
This delivery marked an important step forward in the growing partnership between the U.S. and Vietnam
Breakfast @ Tuoi Tre News - November 23
Good morning from Vietnam!
Vietnam’s super-rich bet big on education
FPT has long been considered a tech leader in Vietnam, but its ongoing ventures into education have been significant contributors to the group's bottom line
Slimming down state apparatus should be a revolution in Vietnam
Vietnam has been attempting to streamline its state apparatus for decades, but little headway has been made
Ho Chi Minh City’s 1st metro line to begin commercial operations from December 22
The remaining work on the project is currently being finalized by all parties involved