Vietnam's Nghi Son to keep high crude runs despite derivative unit maintenance
Vietnam's largest refiner Nghi Son Refinery and Petrochemical (NSRP) is continuing to operate its 200,000-bpd refinery at 100%–105% capacity despite some ongoing maintenance at derivative units, a refinery spokesperson said.
There will be no major impact on main refinery operations, the spokesperson said, adding the November partial shutdown will include some works at its hydrogen manufacturing unit and a catalyst change at its residue hydrodesulphurization unit.
Separately, at least one gasoline producing unit is also slated to be shut in this period, multiple sources with knowledge of the matter said.
Meanwhile, the refiner has been selling its excess residual fuels amid high refining runs.
For November, NSRP has offered 24,000 metric tons of fuel oil and up to 160,000 tons of straight-run high sulfur fuel oil, tender notices on its website showed, with traders saying this number is poised to hit the highest monthly fuel oil volume offered by the company so far this year.
The refiner typically offers one to two parcels of fuel oil for loading per month, usually of 5,000–10,000 tons per parcel, past tender records showed.
NSRP's $9-B refinery is 35.1% owned by Japan's Idemitsu Kosan, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm PetroVietnam and 4.7% by Mitsui Chemicals.
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