Vietnam’s BSR expands Dung Quat refinery crude storage
SEATTLE (Oil Monster): Vietnam’s Petrovietnam Refining and Petrochemical Corporation (BSR) said it has completed a milestone development at the Dung Quat Oil Refinery by increasing crude oil storage capacity by 12.5%, a move expected to improve operational reliability and support the country’s fuel supply chain.
What Readers Should Know
- BSR increased crude oil storage capacity at the Dung Quat Oil Refinery by 12.5%.
- The new tank was completed more than a month ahead of schedule.
- Total storage capacity at the refinery has reached 585,000 cubic meters.
- That capacity is sufficient to support refinery operations for approximately 15 days.
- BSR said the upgrade will help improve scheduling, efficiency, and operational continuity.
The newly commissioned crude oil storage tank, located at the refinery in Quang Ngai Province, was finished more than a month ahead of its planned completion date. With the addition, total storage capacity at the refinery has reached 585,000 cubic meters.
That amount is sufficient to support refinery operations for approximately 15 days, according to the company.
Why the storage upgrade matters
BSR said the higher storage capacity will help the refinery manage production schedules in a more efficient way. It also said the expansion will help ensure uninterrupted operations during a period of extreme market volatility, driven by fluctuations in crude oil prices and unforeseen disruptions in the supply chain.
How it affects crude purchasing
The company also said the additional storage capacity allows it to better time crude purchases and reduce reliance on costly external storage facilities.
What BSR said next
BSR reaffirmed its commitment to make further investments in the ongoing expansion and upgrade of the Dung Quat Oil Refinery, aimed at boosting operating efficiency and refining capacity.
Frequently Asked Questions
What did BSR complete at Dung Quat?
BSR completed a milestone development that increased crude oil storage capacity at the Dung Quat Oil Refinery by 12.5%.
Where is the new storage tank located?
The newly commissioned tank is located at the refinery in Quang Ngai Province.
How much storage capacity does the refinery now have?
The refinery’s total storage capacity has reached 585,000 cubic meters.
How long can the refinery operate with that storage?
BSR said the capacity is sufficient to support refinery operations for approximately 15 days.
Why does BSR say the upgrade is useful?
BSR said the upgrade should improve scheduling, support uninterrupted operations, help optimize crude purchases, and reduce reliance on external storage facilities.