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Vietnam refineries' output in Q2 seen rising 7% from Q1 to 3.03 mln T

Tuesday, May 26, 2020, 07:02 GMT+7
Vietnam refineries' output in Q2 seen rising 7% from Q1 to 3.03 mln T
Dung Quat oil refinery is seen in Vietnam's central Quang Ngai Province in this undated file photo. Photo: Nguyen Khanh / Tuoi Tre

HANOI -- The output of Vietnam’s two refineries in the second quarter is expected to rise 7% from the first quarter to 3.03 million metric tons on recovering demand, Binh Son Refining and Petrochemical said on Monday. 

Binh Son’s 130,000-barrel-per-day Dung Quat refinery will produce 1.53 million metric tons, while the Nghi Son Refinery will produce 1.50 million metric tons in the April-June period, the company said. 

“Demand for refined fuel products is rising rapidly,” its deputy chief executive, Nguyen Viet Thang, said in a statement. 

Traders said demand for fuel in Vietnam is recovering after it started easing coronavirus movement restrictions last month.

Reuters

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