Petrovietnam and NSRP maintain 188bet asia energy supply chain amidst Middle East instability.

Since 188bet asia end of February 2026, geopolitical tensions in 188bet asia Middle East have continuously escalated, causing significant volatility in 188bet asia global energy market. 188bet asia risk of disruption in 188bet asia Strait of Hormuz – a shipping lane carrying approximately 20% of 188bet asia world's crude oil – has driven up oil prices, leading to increased transportation costs, maritime insurance, and energy imports.

For Vietnam, this poses a significant challenge to 188bet asia economy , especially in ensuring energy security. In this context, 188bet asia requirement is not only to ensure sufficient fuel supply but also to maintain 188bet asia smooth operation of 188bet asia entire supply chain, from crude oil imports and refining to fuel distribution, without any disruptions.

188bet asia Nghi Son Refinery and Petrochemical Plant is operating stably, playing a key role as one of 188bet asia two largest petrochemical refining centers in 188bet asia country.

NSRP - A crucial link in 188bet asia energy supply chain.

To respond to fluctuations in 188bet asia global market, 188bet asia Government established a Task Force on Energy Security and issued Resolution No. 36/NQ-CP to create a flexible mechanism for 188bet asia Vietnam National Energy Corporation ( Petrovietnam ) in 188bet asia buying, selling, and importing of crude oil.

Immediately afterwards, Petrovietnam activated its system-wide emergency response mechanism, requiring its units to closely monitor market developments, develop supply scenarios, and optimize operations across 188bet asia entire value chain.

In this supply chain, 188bet asia Nghi Son Refinery and Petrochemical Plant (NSRP), operated by Nghi Son Refinery and Petrochemical Company Limited (NSRP), plays a crucial role as one of 188bet asia two largest refining and petrochemical centers in 188bet asia country, supplying approximately 35-40% of domestic fuel demand. Maintaining 188bet asia stable operation of 188bet asia Nghi Son Refinery and Petrochemical Plant is therefore of particular importance to 188bet asia market.

Under 188bet asia direction of 188bet asia Ministry of Industry and Trade, Petrovietnam has urgently implemented a comprehensive set of solutions to ensure 188bet asia supply of raw materials for NSRP. One of 188bet asia key solutions helping NSRP maintain stable production is diversifying its crude oil sources, instead of relying on traditional sources from 188bet asia Middle East – a region with significant geopolitical risks. Along with 188bet asia efforts of 188bet asia Government and ministries/agencies, Petrovietnam has directed its member units, such as 188bet asia Vietnam Oil Corporation (PVOIL) and 188bet asia Nghi Son Refinery Products Distribution Branch (PVNDB), to actively seek new raw material sources in 188bet asia international market.

Thanks to this, during periods of significant volatility in 188bet asia global energy market, NSRP has maintained stable production, at times operating at high capacity to optimize output and meet domestic consumption needs. Simultaneously, NSRP has closely coordinated with units within 188bet asia Petrovietnam ecosystem to ensure an uninterrupted supply of raw materials.

Recently, in mid-May 2026, PVNDB successfully arranged 188bet asia import of 188bet asia first batch of Djeno crude oil from 188bet asia Republic of Congo, totaling over 950,000 barrels, to supply 188bet asia Nghi Son Refinery.

Subsequently, on May 31, 2026, 188bet asia ultra-large oil tanker Agios Fanourios I successfully transported nearly 2 million barrels of Basrah Medium crude oil from Iraq to Nghi Son port. This shipment was directly arranged by PVOIL, marking a significant step in expanding 188bet asia raw material supply network for 188bet asia Nghi Son Refinery.

188bet asia addition of oil sources from Africa and other regions not only helps NSRP maintain continuous production but also enhances 188bet asia resilience of 188bet asia supply chain to geopolitical shocks, reducing dependence on a single region or source.

This is also an important step in Petrovietnam's strategy to diversify its raw material sources in order to adapt to 188bet asia unpredictable fluctuations of 188bet asia global energy market.

PVOIL welcomes 188bet asia crew of 188bet asia Agios Fanourios I.

Unleashing 188bet asia power of 188bet asia Petrovietnam ecosystem.

It can be asserted that Petrovietnam's crisis response capability lies in its closed-loop energy ecosystem, interconnected from upstream to downstream.

While Nghi Son Refinery maintains high operating capacity, Dung Quat Refinery (operated by BSR) has increased its capacity to approximately 120% of its equivalent design capacity to boost production and share 188bet asia supply pressure with 188bet asia market.

In 188bet asia distribution sector, PVOIL, with its network of nearly 1,000 gas stations nationwide, has proactively increased imports, accepting cost pressures amidst rising global oil prices to ensure a continuous supply for 188bet asia market.

188bet asia synchronized coordination among units from oil exploration, transportation, refining, storage to distribution has created a unified supply chain capable of responding flexibly to external fluctuations.

In fact, during periods of significant global market volatility, Petrovietnam's distribution system has maintained a stable supply, preventing shortages or retail disruptions, thus contributing to market stability and consumer confidence.

188bet asia transformation from a traditional oil and gas exploration and production business model to a national energy and industrial corporation has become a crucial foundation for Petrovietnam to enhance its supply chain management capabilities, promote 188bet asia application of science and technology, diversify raw material sources, and optimize 188bet asia entire energy ecosystem.

By proactively diversifying supply sources, maintaining stable operation of refineries, and leveraging 188bet asia strengths of 188bet asia entire ecosystem, Petrovietnam and NSRP have contributed to safeguarding 188bet asia nation's energy "lifeline" amidst global fluctuations. This is not only a short-term solution but also a crucial foundation for Vietnam to gradually build a self-reliant, flexible, and sustainable energy supply chain in 188bet asia new development phase.

188bet asia results achieved not only reflect Petrovietnam's short-term operational capabilities but also demonstrate its commitment to building a modern, flexible, and resilient energy supply chain that can withstand global shocks.

To enhance this capacity in 188bet asia long term, Petrovietnam continues to propose that 188bet asia Government and 188bet asia National Assembly promptly finalize mechanisms and policies for strategic energy projects; accelerate 188bet asia construction of national crude oil reserves; and grant 188bet asia Group greater autonomy in its business operations and crude oil imports.

In 188bet asia context of a global energy market projected to remain volatile, building a resilient energy supply chain is not only a requirement for 188bet asia energy sector but also a crucial condition for macroeconomic stability and maintaining 188bet asia country's growth momentum.

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