Nghi Son Refinery and Petrochemical LLC (NSRP) is maintaining peak operational performance and securing the crude oil supply needed to sustain its operations through the end of May 2026. This update comes amid volatility in the international energy market.
The plant is currently operating at full capacity in March, supported by a strengthened sourcing strategy that enables it to sustain fuel production under demanding conditions. The company has also optimized its processing to match feedstock availability without compromising operational continuity.
Measures to secure crude oil supply amid restrictions
The geopolitical environment has directly affected supply logistics. In mid-March, NSRP received its last crude oil cargo from Kuwait, but subsequent developments have temporarily limited new shipments through the Strait of Hormuz, one of the key routes in global oil trade.
In response, the refinery immediately implemented measures to diversify its supply sources. As a result, it secured alternative feedstock that helps maintain stable operations and reduce the impact of potential disruptions in oil flows.
Focus on fuel production for the local market
The current operating strategy prioritizes fuel production to meet Vietnam’s domestic demand. In coordination with the Ministry of Industry and Trade, the refinery is maximizing energy product output within the constraints of available supply.
This approach strengthens the facility’s role as a key pillar of the country’s energy security, especially in an environment where crude oil prices and availability are subject to international tensions.
Institutional support and international cooperation
NSRP has highlighted the support of the Vietnamese government, as well as local authorities and commercial partners, in managing the current challenges. Facilitating access to regional crude sources and ongoing dialogue with international stakeholders have been decisive in sustaining operational stability.
Likewise, the company continues to explore new sourcing opportunities that would allow it to increase its operating capacity when market conditions permit.
Key infrastructure for Vietnam’s energy security
Founded in 2008, Nghi Son Refinery and Petrochemical LLC is one of the country’s most important refineries. With a processing capacity of approximately 200,000 barrels per day, equivalent to 10 million tonnes per year, it plays a strategic role in fuel supply.
Backed by an international consortium that includes Kuwait Petroleum Europe, Idemitsu Kosan, PetroVietnam, and Mitsui Chemicals, the facility is positioned as a relevant player in both the local market and the regional export of petrochemical products.
In this context, Nghi Son’s operational continuity not only guarantees fuel supply but also contributes to the stability of Vietnam’s energy system amid uncertain global scenarios.
Source: Nghi Son Refinery and Petrochemical LLC
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