Inspectioneering
News

Vietnam’s Largest Refinery Output to Fall Due to Unit Shutdown

Reuters, January 5, 2023
Reuters

Output from Vietnam's largest oil refinery is expected to fall by 20%-25% during the first 10 days of January as its residual fluid catalytic cracking (RFCC) unit has been shut down due to a technical problem, the government said on Thursday.

The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical has a leak at the RFCC unit, the government said in a statement.

Reuters first reported on the shutdown late last month.

The Ministry of Industry and Trade has asked fuel traders to increase their imports to compensate for the shortfall "to ensure sufficient fuels for the local market until the end of the first quarter," the government said.

As a result, Petrolimex has issued tenders since Dec. 30 to buy at least three cargoes of 500 ppm sulphur gasoil for January to February arrival to cover this shortage in the local market, several trading sources said.

Nghi Son refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm PetroVietnam, and 4.7% by Mitsui Chemicals Inc.


(Reporting by Khanh Vu; Editing by Barbara Lewis and Nivedita Bhattacharjee)

Click here to read the full article from Reuters.

Copyright 2023 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Talent Solutions

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Integripedia

Inspectioneering's index of mechanical integrity topics – built by you.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Downloads

Downloadable eBooks, Asset Intelligence Reports, checklists, white papers, and more.

Videos & Webinars

Watch educational and informative videos directly related to your profession.

Acronyms

Commonly used asset integrity management and inspection acronyms.