Vietnam says its refineries not yet affected by Middle East tensions
Refineries in Vietnam are not being affected by the tensions in the Middle East at the moment, the Ministry of Industry and Trade said.
Vietnam plans to import 5.1 million tons of refined petroleum products in the second half of this year, up 6.2% from the first half, the ministry said in a statement.
It said Binh Son Refining and Petrochemical's BSR.HM refinery, which has been operating at 114.4% of its designed capacity in the first half of this year, mostly uses domestic and African crude oil.
The 130,000-barrel-per-day refinery is expected to operate at 14% to 15% above designed capacity for the rest of the year, and imports, which account for 30%-35% of its crude oil input, and are sourced from Libya and West Africa, the ministry said.
The statement quoted the CEO of Nghi Son Refining & Petrochemical saying its 200,000-barrel-per-day refinery had sufficient crude oil supplies and was operating normally. The two refineries are expected to produce 7.7 million tons of crude oil in the second half of 2025, slightly down from 7.8 million tons in the first half, the ministry said.
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