Nghi Son Refinery to Run at 125 Percent Capacity

Vietnam's Nghi Son refinery has secured sufficient crude oil supplies mainly from Kuwait to operate at 125 percent of capacity through November. The plant aims to meet domestic fuel demand following earlier disruptions.

Xurve View
Insights:

Vietnam's largest oil refinery secured crude supplies to run at 125% of its designed capacity through late November. The plant expanded its feedstock sources after supply disruptions linked to Iran last spring, general manager Le Nguyen Quoc Vinh said. Kuwait will provide 75% of the new crude cargoes for the facility.

The 200,000-barrel-per-day plant in Thanh Hoa province has operated at the elevated rate since July to satisfy domestic fuel demand. The refinery previously processed oil exclusively from Kuwait but can now handle 10 different crude varieties. Management tested West Texas Oil from the United States, but halted imports because the grade proved too light.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.