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BSR: 16 years – a glorious journey

09/05/2024 16:30    31

On May 9, 2008, Binh Son Refining and Petrochemical Company (BSR) was established to receive, manage and operate Dung Quat Oil Refinery. The Dung Quat Oil Refinery played a pioneering role and laid the foundation for the development of Vietnam's petrochemical refining industry.

Over the past 16 years, Dung Quat Oil Refinery has been considered the heart of Dung Quat Economic Zone, a driving force for socio-economic development of Quang Ngai province and the Central - Central Highlands region.

On February 22, 2009, leaders of the Party and State performed a ribbon cutting ceremony to welcome the first commercial product of Dung Quat Refinery.

On January 6, 2011, Vietnam National Oil and Gas Group solemnly held the Inauguration Ceremony of Dung Quat Oil Refinery

On December 24, 2014, BSR received the Second Class Labor Medal

 On January 17, 2018, BSR successfully organized the initial public offering of shares with nearly 242 million BSR shares sold to investors.

On June 21, 2018, BSR held the first General Meeting of Shareholders.

Scientific researches make practical contributions to the development of BSR. Photo: BSR was honored to be awarded the State Award for Science and Technology in 2022.

BSR has conducted general maintenance of Dung Quat Oil Refinery 5 times in 2011, 2014, 2017, 2020, and 2024.

BSR has successfully researched and produced special fuels for National Defense. Photo: Delivery ceremony of new product batch JET A - 1K to the General Department of Logistics - Ministry of National Defense.

BSR is a pioneer enterprise in "Digital transformation work of Vietnam Oil and Gas Group".

Research to produce new products for the market and improve production and business efficiency is one of the important tasks of BSR

In 2022, BSR achieved its highest profit ever with 14,669 billion VND.

In 2023, Dung Quat Oil Refinery operated safely and stably with an average capacity of 111% - the highest ever and reached a record of 1,180 days of continuous operation.

As of April 11, 2024, BSR reached 45 million safe working hours with no lost labor accidents.

With efforts and outstanding achievements, BSR has reached the 4th position in the Ranking of 500 enterprises with the largest capitalization in Vietnam in 2023.

Fitch Ratings rated BSR's credit rating for the first time at BB+/Positive with a stable outlook.

BSR always receives the attention and direction of Party and State leaders during the process of construction and development. Photo: In January 2023, Prime Minister Pham Minh Chinh visited and worked at BSR.

Leaders of Vietnam National Oil and Gas Group visited and worked at BSR.

BSR has mastered technology, produced high quality products, meeting more than 30% of petroleum needs for the country and spreading corporate culture.

Along with production and business tasks, BSR regularly pays attention to and implements community-oriented social security programs. Since the construction of Dung Quat Oil Refinery until now, BSR has sponsored over 860 billion VND for social security programs.

Minh Thien

Copyright 2012 by Quang Ngai Provincial People's Committee. All rights reserved.

Person in charge: Mr. Nguyen Quoc Viet - Chief of the Office of Quang Ngai Provincial People's Committee

Address: 52 Hung Vuong Street - Quang Ngai city

Tel: 0255 3 712 135 | Fax: 0255 3 822 217

Email: eng@quangngai.gov.vn