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If one day the Strait of Hormuz is completely disrupted, how long will Vietnam keep its oil refineries operating and who will keep the energy flow from being disrupted?
May 31, 2026 marked a notable milestone for Vietnam's energy industry when the super tanker AGIOS FANOURIOS I transporting nearly 2 million barrels of Basrah Medium crude oil from Iraq safely docked at Nghi Son port after a journey through the Strait of Hormuz, one of the most strategic and sensitive maritime routes in the world.
This event is not simply a normal crude oil shipment but also reflects the ability of Petrovietnam and PVOIL to ensure national energy supply in the context of the global energy market continuously facing geopolitical risks.
Shipment information
Category Information
Transport ship AGIOS FANOURIOS I
Type of VLCC super tanker ship
Tonnage: About 300,000 DWT
Basrah Medium Iraq oil source
Volume Nearly 2 million barrels
Arranger PVOIL Singapore
Destination Nghi Son Refinery and Petrochemical Factory
Arrival date May 31, 2026
Why is the Strait of Hormuz so important?
Hormuz is considered the world's "energy throat". About 20% of global oil consumption must pass through this area every day.
The role of the Strait of Hormuz in the oil market
Price Indicatortreat
Percentage of world oil passing through About 20%
Main exporting countries Iraq, Saudi Arabia, UAE, Kuwait
Role of the world's largest oil transport route
Risk level Very high when regional conflicts arise
Therefore, the fact that a large-scale oil shipment surpassed Hormuz and safely arrived at Vietnam's port has significance beyond commercial factors.
Significance for Nghi Son Refinery and Petrochemical Plant
Nghi Son Refinery and Petrochemical Plant is currently one of the two largest oil refining centers in Vietnam along with Dung Quat Oil Refinery.
Stable crude oil sources help maintain production of strategic commodities
• RON 95 gasoline
• E5 gasoline
• Diesel oil
• Jet A1 aviation fuel
• LPG
• Basic petrochemicals
Ensuring continuous input of raw materials helps limit the risk of fuel supply interruption to the domestic market.
Big messages from the shipment
Strategic value Meaning
Proactive supply Reduce dependence on short-term fluctuations
International connection Affirming PVOIL's global trading capacity
Energy security Ensuring raw material sources for production
Economic stability Supports the domestic fuel market
Logistics capacity Demonstrates the ability to coordinate large-scale tankers
⚓ Journey of Iraqi oil flow to Vietnam
Basrah is one of Iraq's largest oil exporting regions. From here, oil is transported through the Persian Gulf, through the Strait of Hormuz and into international maritime routes before arriving at Nghi Son port in Thanh Hoa.
Each VLCC train like AGIOS FANOURIOS I can carry enough oil to produce tens of millions ofliters of fuel to serve the economy.
In the context of the world continuously facing energy crises, regional wars and the risk of supply chain disruption, the successful arrival of nearly 2 million barrels of Iraqi oil at Nghi Son port shows the increasingly professional supply coordination ability of Petrovietnam and PVOIL.
This is not only an oil train but also a testament to the ability to maintain the national energy flow, contributing to ensuring Vietnam's production, transportation and economic growth in all market conditions.
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