188bet vipz Dung Quat refinery upgrade project enters a new phase of development.

Recently, in Hanoi, 188bet vipz Vietnam Refining and Petrochemical Corporation (BSR), a member unit of Petrovietnam , held a signing ceremony for 188bet vipz EPC and PMC contracts under 188bet vipz Dung Quat Refinery Upgrade and Expansion Project.

National key project enters implementation phase.

188bet vipz Dung Quat Refinery Upgrade and Expansion Project is a nationally important project in 188bet vipz energy sector, and its investment policy has been adjusted and approved by 188bet vipz Prime Minister in accordance with regulations. With a total investment of approximately VND 36,397 billion (equivalent to USD 1.489 billion), 188bet vipz project aims to increase 188bet vipz refinery's processing capacity from 148,000 to 171,000 barrels of crude oil per day, while also improving 188bet vipz processing capabilities of various crude oils, producing fuels that meet Euro V standards, and enhancing  's operational efficiency in 188bet vipz context of 188bet vipz energy transition.

BSR General Director Nguyen Viet Thang: 188bet vipz Dung Quat Refinery Upgrade and Expansion Project not only meets immediate development requirements but is also a strategic step to enhance BSR's competitiveness for many decades to come. Photo: PVN.

According to 188bet vipz plan, 188bet vipz project will be implemented within 37 months from 188bet vipz effective date of 188bet vipz EPC contract and is expected to be operational in 2028. This is considered a strategic step to enhance BSR's competitiveness and increase its adaptability to new demands of 188bet vipz energy market.

Speaking at 188bet vipz ceremony, BSR General Director Nguyen Viet Thang said that 2026 is a particularly significant year as 188bet vipz country enters a new phase of development in accordance with 188bet vipz spirit of 188bet vipz 14th National Congress Resolution of 188bet vipz Party. In 188bet vipz context of 188bet vipz strong energy transition trend, increasingly stringent environmental standards, and growing competitive pressure, 188bet vipz implementation of 188bet vipz Dung Quat Refinery Upgrade and Expansion Project not only meets immediate development requirements but also lays 188bet vipz foundation for BSR's long-term development.

Mr. Nguyen Viet Thang emphasized that 188bet vipz project is not simply aimed at increasing processing capacity, but also at creating conditions for 188bet vipz factory to gradually transform towards a modern, green, and sustainable direction. 188bet vipz application of advanced technologies will contribute to improving resource efficiency, reducing emissions, and aligning with 188bet vipz national energy development orientation as well as Vietnam's green growth goals.

Modern technology provides 188bet vipz foundation for sustainable development.

To implement 188bet vipz project, BSR mobilized numerous consulting firms and leading technology suppliers worldwide . 188bet vipz Front-End Engineering Design (FEED) was carried out by Foster Wheeler (WOOD Group - UK). This is also 188bet vipz same firm that participated in 188bet vipz design of 188bet vipz Dung Quat Refinery from 188bet vipz initial stages and has extensive experience in large-scale petrochemical projects in 188bet vipz region.

In 188bet vipz presence of leaders from central ministries and agencies, Quang Ngai province, and Petrovietnam, 188bet vipz NCMR Dung Quat Refinery Project Management Board - under BSR - signed 188bet vipz EPC contract with 188bet vipz consortium of contractors. Photo: PVN .

188bet vipz proprietary technologies are selected from many reputable companies worldwide, such as Axens (France), UOP and Merichem (USA), KT - Kinetics Technology (Italy), and Worley (Netherlands). 188bet vipz selection of modern technological solutions contributes to ensuring operational efficiency, product quality, and compliance with environmental standards.

According to BSR, 188bet vipz entire project implementation process will be carried out based on four overarching principles: safety is 188bet vipz highest priority; quality is honor and prestige; progress is a commitment to 188bet vipz Government, Petrovietnam, and partners; and efficiency is 188bet vipz ultimate measure of success. 188bet vipz General Director of BSR expressed confidence that 188bet vipz project will become a landmark project celebrating new milestones in 188bet vipz development of Petrovietnam and 188bet vipz country.

According to 188bet vipz contract, 188bet vipz Chengda - BPE consortium will assume 188bet vipz role of EPC general contractor for detailed design, procurement, construction, installation, and commissioning based on 188bet vipz technologies established during 188bet vipz FEED phase. Previously, BSR also signed a Project Management Consulting (PMC) contract with Foster Wheeler to support management and supervision throughout 188bet vipz project implementation.

188bet vipz signing ceremony also demonstrates 188bet vipz commitment of state management agencies, 188bet vipz Quang Ngai provincial government, Petrovietnam, BSR, and domestic and international partners to one of 188bet vipz largest industrial projects in Vietnam today.

BSR and 188bet vipz EPC contractor consortium are determined to successfully implement 188bet vipz NCMR Dung Quat Refinery Project. Photo: PVN.

Upon completion, 188bet vipz Dung Quat Refinery Upgrade and Expansion Project will contribute to enhancing domestic crude oil processing capacity, ensuring a supply of high-quality fuel, increasing adaptability to fluctuations in 188bet vipz international energy market, and creating momentum for 188bet vipz development of 188bet vipz Dung Quat Economic Zone and 188bet vipz Central region. 188bet vipz project also contributes to realizing 188bet vipz goal of making Dung Quat a national petrochemical and energy center, further affirming 188bet vipz role of Petrovietnam and BSR in ensuring energy security, industrial development, and sustainable growth of 188bet vipz country.

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