Nghi Son, Binh Son refineries forge extensive cooperation for efficiency
Nghi Son Refinery and Petrochemical LLC (NSRP) and Binh Son Refining and Petrochemical Joint Stock Company (BSR) have signed a Memorandum of Understanding (MoU) for comprehensive cooperation with the aim of enhancing the operational efficiency of Vietnam's two largest oil refineries.
At the signing ceremoney. (Photo courtesy of NSRP)
Hanoi (VNS/VNA) - Nghi Son Refinery andPetrochemical LLC (NSRP) and Binh Son Refining and Petrochemical Joint StockCompany (BSR) have signed a Memorandum of Understanding (MoU) for comprehensivecooperation with the aim of enhancing the operational efficiency of Vietnam'stwo largest oil refineries.
The MoU outlines joint initiatives between NSRP and BSR,encompassing resource sharing, expertise exchange, technical and maintenanceservices, collaboration in raw material and oil product exchange, as well asjointly exploring business development prospects.
The collaboration between NSRP and BSR dates back to 2013, withsuccessful undertakings during the construction and operation phases of theNghi Son petrochemical refinery. Notable aspects of their partnership includeprofessional training for new staff, resource sharing in operation andproduction, personnel provision, and laboratory support.
The MoU signing event reaffirms the long-standing cooperationbetween NSRP and BSR, bolstering their close relationship and operationalefficiency in managing and running the refineries.
So Hasegawa, NSRP's General Director, lauded BSR's unwaveringsupport and foresaw even stronger collaboration through the MoU'simplementation.
The partnership of Nghi Son and Binh Son refineries, two leadingentities in Vietnam's petroleum industry, promises sustainable growth. Amidstthe volatile global petroleum market, their cooperation is pivotal in achievingstable and optimised operations, particularly in meeting the growing energydemand, especially for gasoline oil.
BSR, primarily owned by Vietnam Oil and Gas Group (Petrovietnam)with a 92% stake, manages Dung Quat Oil Refinery in Quang Ngai province.Established in 2009, it jointly supplies 70-75% of the nation's petroleumproduct needs alongside NSRP.
NSRP, located in Nghi Son Economic Zone in Thanh Hoa province, isa joint venture involving PetroVietnam, Kuwait Petroleum Europe, Idemitsu Kosanand Mitsui Chemicals. With a capacity of 200,000 barrels of crude oil/day, NSRPis a significant provider of petroleum products within Vietnam and exportscertain petrochemical goods to neighbouring nations./.
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At the signing ceremoney. (Photo courtesy of NSRP) 
