NSRP Maintains Steady Production Amid Global Energy Market Volatility
In the face of constant fluctuations in the global energy market and persistent disruptions in crude oil supply, Nghi Sơn Refinery and Petrochemical LLC (NSRP) has solidified its position as a cornerstone of Vietnam's energy industry. With the ability to maintain safe and stable operations, NSRP has successfully supplied approximately 4.1 million tons of petroleum products in the first half of 2026, making a significant contribution to ensuring the nation's energy security.
Stable Operations Amidst Challenging Circumstances
According to the latest report from NSRP's Board of Directors, the company has overcome numerous international market challenges to maintain efficient production operations. Despite significant crude oil price volatility and frequent supply disruptions in the international market, NSRP has maintained production schedules, meeting both domestic and export demand.
Mr. Trần Văn Minh, NSRP's General Director, stated: "We always prioritize production safety and operational stability. Our experienced technical team, combined with advanced technology systems, has enabled NSRP to quickly adapt to market fluctuations, ensuring a stable supply of petroleum products for the population and businesses."
Advanced Technology and Operational Efficiency
NSRP, a joint venture between Vietnam Oil and Gas Group (PetroVietnam), Japan's Idemitsu Group, Japan's Mitsui Group, and Kuwait Petroleum Corporation, operates using the world's most advanced refining technology.
- Advanced waste treatment systems minimize environmental impact
- High-conversion technology optimizes yield from each barrel of crude oil
- 24/7 automated monitoring systems ensure safe and efficient operations
The refinery's design capacity is 200,000 barrels per day, equivalent to approximately 7-8 million tons annually. In the first half of 2026, NSRP achieved 50% of its design capacity, demonstrating exceptional operational efficiency.
Product Portfolio and Market Presence
NSRP has diversified its product offerings to meet market demands, including:
| Product | Output (million tons) | Proportion |
|---|---|---|
| RON 95-5 Gasoline | 1.2 | 29.3% |
| RON 92-5 Gasoline | 0.8 | 19.5% |
| Diesel Fuel | 1.5 | 36.6% |
| Kerosene | 0.3 | 7.3% |
| Other Products | 0.3 | 7.3% |
NSRP's products not only meet domestic demand but are also exported to demanding markets such as Japan, Australia, New Zealand, and ASEAN countries.
Contribution to National Energy Security
NSRP's stable production is particularly significant in Vietnam's efforts to ensure national energy security. The Nghi Sơn refinery contributes approximately 30-35% of the country's petroleum product needs, reducing dependence on imports and stabilizing domestic market prices.
Ms. Nguyễn Thị Hồng, Deputy Minister of Industry and Trade, praised NSRP's contributions: "The stability in NSRP's production is a crucial factor in balancing energy supply and demand, ensuring national energy security amidst international uncertainties."
Development Outlook
To continue contributing to the sustainable development of Vietnam's energy sector, NSRP is implementing several projects to enhance production efficiency and reduce emissions. The company is also researching green hydrogen technology applications to produce clean fuels, aiming for carbon neutrality by 2050.
In the second half of 2026, NSRP aims to maintain stable output while optimizing costs to keep product prices competitive, contributing to stabilizing Vietnam's energy market.
Conclusion
The ability to maintain stable production amid global energy market volatility has affirmed NSRP's position as a key pillar in Vietnam's energy system. With modern technology, an experienced team of professionals, and a commitment to sustainability, NSRP continues to make significant contributions to national energy security and socio-economic development.
NSRP's success story represents not just an efficiently operating enterprise but also demonstrates Vietnam's strategic vision in developing its petrochemical industry, moving toward energy self-sufficiency and deeper international integration.