15:49 | 08/03/2019 Industry
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.
|At the Dung Quat Oil Refinery Plant - Source: VNA|
BSR’s revenue in the period hit 13.65 trillion VND (586.3 million USD), contributing 1.59 trillion VND (68.2 million USD) to the State budget.
BSR said the firm has operated stably in the context of unpredictable changes of crude oil prices in the world market.
According to S&P Global Platts Insight Magazine - a specialised magazine on world oil and gas published in Singapore, the oil price tended to increase at the end of February and the beginning of March, so BSR's profit is forecast to rise.
For efficient production in March and beyond, BSR will continue focusing on controlling production costs, optimising production and reducing crude oil consumption for processing.
It is also optimising the operation of Dung Quat oil refinery plant by adjusting the product structure, focusing on maximising the amount of highly effective products.
In addition, BSR has also taken measures such as minimising operating expenses, applying technical improvement innovation and reducing storage, along with management and macro administration solutions, aiming to achieve good profit in the first quarter of 2019.