Binh Son Refining and Petrochemical One Member Company Limited (BSR) was established on May 9, 5, until July 2008, 1, officially changed to operate in the form of shares with the new name Joint Stock Company. Binh Son Refinery and Petrochemical. Over the past 7 years, BSR has achieved many achievements and created new values and standards for the refining and petrochemical industry.
Great contribution to the budget, ensuring national energy security
Dung Quat Oil Refinery Construction Project has a total investment value of 3,054 billion USD and launched the first commercial product line on February 22, 2. After 2009 years of establishment and development, up to now, Dung Quat oil refinery managed and operated by BSR ensures about 15% of domestic petroleum supply and contributes to ensuring energy security for Vietnam. Currently, the company has processed more than 30 million tons of crude oil, produced and sold more than 94 million tons of products, revenue reached nearly 86 million billion, profit after tax more than 1,7 trillion dong and paid more than 44 trillion dong to the state budget (equivalent to nearly 207 billion USD) - nearly 9 times the total project investment.
In 2022, BSR will pay more than VND 19 trillion to the state budget. Comparing mechanically, the state budget contribution of BSR is equal to 150% of the budget revenue of Thua Thien - Hue province; 78% of Da Nang city; 72% of Quang Nam province and 115% of Binh Dinh province. Particularly in Quang Ngai province where Dung Quat Oil Refinery is located, BSR accounts for 56% of the province's total budget revenue.
Dung Quat Oil Refinery creates the most important driving force to accelerate growth, is a "magnet" to attract investment, as well as a "hinge" to change the economic structure of Quang Ngai. Chairman of Quang Ngai province Dang Van Minh affirmed: "Dung Quat economic zone is the growth nucleus of Quang Ngai province with the heart of Dung Quat oil refinery, making an important contribution to bringing Quang Ngai province from a poor and pure province. From 2009 onwards, the economy has a low starting point, the budget depends entirely on the support of the Central Government, since 121.668 it has become a province with a large revenue source with an economy of XNUMX billion VND.
In addition to making a great contribution to the budget, Dung Quat Oil Refinery also plays an important role in ensuring national energy security. At the end of 2022, when Vietnam's petroleum market has many fluctuations, the role of Dung Quat Oil Refinery Plant is very important as it always operates stably with high capacity, sometimes at 112% - the highest in the history. operation history, contributing to stabilizing the demand of the domestic petroleum market when the supply is in serious shortage.
Professional training, scientific research for development
At the 15th anniversary of the establishment of BSR (May 9, 5), Petrovietnam General Director Le Manh Hung said that the personnel of BSR are not simply workers but experts who have mastered technology. refinery and petrochemicals and rise to the top in the region.
“The collective of employees is a valuable asset that the company has. Therefore, Binh Son Refining and Petrochemical Joint Stock Company will continue to build, spread and develop corporate culture associated with the Petrovietnam Cultural Regeneration Project to arouse and cultivate pride and solidarity. of oil refiners for the sustainable development of Petrovietnam”, added BSR General Director Bui Ngoc Duong.
In the past 5 years, BSR has faced many difficulties and challenges. One of the most difficult times was when the world oil and gas market as well as Vietnam had a double crisis due to the Covid-19 epidemic and the deep drop in oil prices. There was even a time when the price of oil fell to negative levels, the person who signed the previous purchase contract had to pay the seller because of inventory problems, there was no place to store it - something that has never happened in the history of world oil. .
In that context, the governance of BSR once again showed its importance. BSR leaders have calculated the market to come up with optimal solutions such as operating the factory at a minimum, optimizing product structure, mobilizing warehouses outside the factory to increase product storage capacity. implementing policies to stimulate demand to sell products, actively negotiate with partners to exchange or delay the receipt of crude oil lots, avoid high crude oil inventories… These solutions have helped BSR overcome the period. crisis, restore production and business right after the market gradually recovers. At the same time, BSR correctly calculated the falling point of the market, the falling point of the price difference between input materials and output products.
To solve the difficulties of market fluctuations, the risk of material shortage, energy competition... in the field of refining and petrochemical, BSR chose scientific research as a strategic solution in optimizing capacity, ensure safe and stable production, reduce energy consumption and ensure environmental factors, improve production and business efficiency. The most outstanding result in scientific research at BSR over the past time has been the cluster of projects "Solutions to apply science and technology to optimize the production process of Dung Quat Oil Refinery to improve operational efficiency and to improve the efficiency of the production process." competitiveness of BSR”. The cluster of works was honored to be awarded the State Prize in Science and Technology by the State President for its contribution to the cause of building socialism and defending the Fatherland.
The cluster of works also contributed to reducing the plant's EII energy consumption index from 118% in 2014 to 103-106% in 2018 and 2019 (according to a 1% reduction in EII energy savings). about 2,6 million USD/year). The total production cost of the plant gradually decreased from 7,1 USD/barrel of oil in 2014 to 4,9 USD/barrel of oil in 2019 (equivalent saving about 24-43 million USD/year). The total economic efficiency of the cluster of works as of December 31, 12 is VND 2019 billion.
In scientific research movements, launched by the Program of 1 million initiatives of the Vietnam Oil and Gas Group (Petrovietnam), BSR became the number one unit in the Oil and Gas industry with 383 initiatives. And most recently, for the first time after 15 years of establishment, BSR was honored to be awarded the State Prize in Science and Technology in 2022.
