Vietnam's Binh Son refinery has enough crude oil to operate until early July

About this update from Petrovietnam Refining And Petrochemical Corporation.

Vietnam's Binh Son Refining and Petrochemical HOSE:BSR said on Monday it has secured enough crude oil to operate until early July.The 130,000-barrel-per-day refinery will buy all crude oil produced domestically for its operations, the company said in a statement.The company is aiming to earn net profits of 2.2 trillion dong ($83.52 million) this year, it said.It will sign a contract soon with a key contractor for the project to expand the refinery, it said, adding that the expansion is scheduled for completion by the end of 2028.The refinery will undergo a major maintenance programme in 2027, it said.State energy firm Petrovietnam will ultimately reduce its stake in the refinery to 49% from over 92%, it said.Vietnam's crude oil output in the first quarter this year rose 11.5% from a year earlier to 2.17 million tons, according to government data.($1 = 26,340 dong)

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