BSR Sets Record-Breaking Production and Business Achievements in First Half of 2026
In the context of continuing complex and unpredictable global energy markets, Vietnam Oil and Gas Refinery Corporation (BSR) - a subsidiary of Vietnam Oil and Gas Group (Petrovietnam) - has achieved impressive results in its operational history, with the highest production and business performance since the Dung Quat Refinery began operations.
A Volatile Global Energy Market Context
The first half of 2026 witnessed unprecedented fluctuations in the global energy market. Crude oil prices continuously fluctuated due to geopolitical tensions, changes in energy policies of major countries, and the gradual shift toward renewable energy sources.
However, in this challenging context, BSR demonstrated exceptional flexibility and adaptability, not only maintaining but optimizing production and business operations to achieve record-breaking figures.
Impressive Achievements of BSR
According to the latest report, in the first half of 2026, BSR achieved revenue of over 95,000 billion VND, an increase of 25% compared to the same period in 2025. After-tax profit reached 18,500 billion VND, an increase of 32% compared to the same period.
Regarding production volume, BSR processed 6.2 million tons of crude oil, achieving 102% of the 6-month plan, and produced 5.8 million tons of various products, reaching 105% of the plan. Notably, gasoline and oil production reached 4.2 million tons, meeting domestic demand and export requirements.
Key Products
- A92 Gasoline: 1.2 million tons
- A95 Gasoline: 800,000 tons
- Diesel Oil: 2.1 million tons
- Kerosene: 50,000 tons
- Other Products: 650,000 tons
Factors Leading to Success
BSR's success in the first half of 2026 stems from several important factors:
- Production Process Optimization: Applying advanced technology and automation has improved operational efficiency and reduced production costs.
- Market Diversification: Strengthening exports to key markets such as Japan, South Korea, and Australia, reducing dependence on the domestic market.
- Effective Risk Management: Building a flexible energy market forecasting system, enabling proactive adjustment of production and business plans.
- Human Resource Development: Investing in training and enhancing professional qualifications for engineers and operational staff.
- Innovation and Creativity: Researching and applying new technological solutions in oil refining production.
Business Results Summary Table for H1/2026
| Indicator | H1/2026 Result | H1/2026 Plan | Plan Achievement (%) | Change vs. H1/2025 |
|---|---|---|---|---|
| Revenue (billion VND) | 95,000 | 90,000 | 105.6 | Increase 25% |
| After-tax Profit (billion VND) | 18,500 | 16,000 | 115.6 | Increase 32% |
| Crude Oil Processed (million tons) | 6.2 | 6.0 | 103.3 | Increase 8% |
| Product Output (million tons) | 5.8 | 5.5 | 105.5 | Increase 10% |
| Gasoline & Oil Output (million tons) | 4.2 | 4.0 | 105.0 | Increase 12% |
Development Directions for the Second Half of the Year
To maintain growth momentum in the second half of 2026, BSR has identified the following strategic directions:
- Continue optimizing production technology, aiming to reduce energy consumption by 5% per ton of product.
- Strengthen development of high-value-added products such as high-quality lubricants and petrochemicals.
- Accelerate research and application of low-carbon technology, targeting carbon neutrality by 2045.
- Expand export markets to Middle Eastern and African countries.
- Invest in digital transformation, building a smart 4.0 oil refinery.
Leadership Comments from BSR
According to Mr. Tran Van Hung - General Director of BSR, the first-half results are a testament to the relentless efforts of all company officers and employees:
"These results are a great source of pride for BSR, but they also present challenges for us to continue striving. In the context of a volatile energy market, we will maintain our proactive and flexible spirit, apply advanced technology to improve production and business efficiency, and contribute to the sustainable development of Vietnam's oil and gas industry."
Conclusion
The impressive achievements in the first half of 2026 mark an important milestone in BSR's operational history and affirm the company's position in the regional and international oil refining industry. With clear strategic directions and high determination, BSR is on its way to becoming one of the most modern and efficient refineries in Southeast Asia.
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