Vietnam's largest refinery to operate at 120%–125% of designed capacity in Q1
2/12/2026 9:00:00 AM
Vietnam's largest refinery, Nghi Son Refinery and Petrochemical LLC, will operate at 120%–125% of its designed capacity in the first quarter of 2026, state media reported on Thursday.
The 200,000-bpd refinery plans to produce 2 MMt of refined petroleum products in the January–March period, the Vietnam News Agency said.
- NSRP is one of the two operational oil refineries in Vietnam that often operate above designed capacities to meet domestic demand for fuels.
- NSRP is 35.1% owned by Japan's Idemitsu Kosan Co., 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.
- In 2025, NSRP processed 12 MMt of crude oil and reported total revenue of 188 trillion dong ($7.24 B).
- In January, it processed the first batch of non-Kuwaiti crude oil.
($1 = 25,981 dong)
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