Việt Nam is considering tripling the planned capacity of national crude oil reserves as it seeks to raise strategic stocks to 90 days of net imports by 2030, while also expanding petroleum links with Laos.
NSRP is broadening its crude supply base to reduce exposure to Middle East disruptions, while higher refining margins and increased capacity helped the refinery return to profit in 2026.
NSPR has reached 30 million safe man-hours without a lost-time injury, highlighting its sustained focus on workplace safety and operational reliability.
Diversifying crude oil supply sources is considered crucial for Nghi Sơn Refinery and Petrochemical LLC (NSRP) in ensuring stable feedstock supplies and safeguarding domestic fuel supply, particularly as traditional crude imports from Kuwait have been affected by tensions in the...
NSRP expects to import almost 12.5 million tonnes of crude oil in 2026, producing around 9 million tonnes of petroleum products for the domestic market.
Nghi Sơn Refinery and Petrochemical LlC (NSRP) and PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) have signed a cooperation agreement in Kuwait, marking a strategic step in developing chemical and petrochemical projects.
Organised by the Management Board of Nghi Son Economic Zone and Industrial Parks (NSEZIPMB) and Nghi Son Refinery and Petrochemical LLC (NSRP), the event marks the largest environmental campaign in the area to date.
Nguyễn Văn Thi, Standing Vice Chairman of the Thanh Hóa Provincial People''s Committee, underscored the strategic significance of the two major projects in advancing Việt Nam''s chemical and garment industries.
On November 19, Đại Dũng Construction Mechanical Trading Corporation (DDC) and the Bank for Investment and Development of Vietnam (BIDV) signed a comprehensive cooperation agreement for the 2024–2029 period and a green credit contract to fund the Nghi Sơn High-Tech...