The total consumption of about
5.10 million tons. Turnover is estimated at over VND 75,000 billion,
contributing to the State budget is estimated at VND 6,920 billion.
After the IPO from January 17,
2018, BSR transformed into a Joint Stock Company from July 1, 2018. Currently,
PVN / BSR is implementing the divestment plan, selling 49% of charter capital.
According to Mr. Le Xuan Huyen
- Deputy General Director of PVN and also the Chairman of the BSR Board of
Directors, since its inception, the plant has reached over 1 million billion
dong of revenue, contributing more than 7 billion USD to the budget; import 862
trips of crude oil, process 68.3 million tons of crude oil and sell 62.1
million tons of products to the market.
In the first period of
operation, BSR had to hire more than 200 foreign experts; Up to now, only 20
experts have performed the tasks of operation consultancy and maintenance for
the Plant. Vietnamese workers and engineers have mastered and mastered the
technology of oil refining.
In the first 9 months, BSR has
successfully tested WTI Midland crude oil (USA), successfully tested to
increase the capacity of some workshops, contributing to increasing efficiency.
BSR continues to process and test Bonny Light
oil plot in October 2019. In addition, in terms of cost savings, BSR leaders
said that the factory operates stably at the optimal capacity, and the costs of
non-crude production and business such as catalysts, General production costs are
all lower than the plan.
Regarding the project of
upgrading and expanding the factory, Mr. Nghiem Duc Duong - BSR Deputy General
Director cum Head of Project Management Board said the total project investment
is 1,813 million USD.
The structure of investment
capital will consist of 30% of equity, the rest will be borrowed. BSR has
proposed three capital scenarios which are arranged from foreign and domestic