BSR needs to step up research and development and optimize production

(TN&MT) – That was the direction of the General Director of the Vietnam Oil and Gas Group (Petrovietnam) Le Manh Hung at the meeting with Binh Son Refining and Petrochemical Joint Stock Company (BSR).

Reporting at the meeting, General Director of  BSR  Bui Ngoc Duong said: In January and the first half of February, Dung Quat Oil Refinery operated safely, continuously and stably at optimum capacity. In January, Dung Quat Oil Refinery produced and brought to the market more than 585 thousand tons of petroleum products of all kinds, reaching 106% of the plan. Financial targets have been met and exceeded.

Judging that 2023 is an opportunity for BSR to accelerate production and business development, as well as a year to face many new challenges, BSR has set business and production goals this year with specific targets: Factory capacity match at optimum level; Focusing on forecasting, assessing growth potential/dynamics in the fields (production, business, finance) to develop plans to complete the approved and assigned plans. At the same time, the organization effectively implements cost management / product costs, cash flow management, and debt management to contribute to increasing revenue and profit for BSR.

Besides, in investment work, BSR focuses its investment resources on effective, urgent and key projects; implementing synchronously and effectively the portfolio management, optimizing resources and constantly consolidating and perfecting the system of regulations/investment management processes of BSR. Scientific research continues to strengthen cooperation with research institutes, corporations/refinery/chemical companies/energy in order to shorten research and development time, bring the world’s latest technology applications. in order to create breakthroughs in development, improve labor productivity and competitiveness of BSR; Focus resources on research to expand sources of raw materials, new products/high-value products.

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