Summary · why it matters
Vietnam's Nghi Son oil refinery is running at 125% of its designed capacity through the end of November after securing sufficient crude supplies, with most of the crude purchased from Kuwait. Le Nguyen Quoc Vinh, the refinery's manager, told Reuters that the Nghi Son refinery in Thanh Hoa province has a normal refining capacity of 200,000 barrels per day and had faced supply disruptions in March and April due to the impact of the Iran war. The refinery has since diversified its sources of feedstock, with about 75% of new crude cargoes purchased from Kuwait. Vinh said the refinery has been operating at 125% since July to meet domestic fuel demand, and that it was originally designed to process only Kuwaiti crude but has now been upgraded to handle as many as 10 types of crude. It previously tested West Texas crude from the United States but found it too light and stopped importing it. On jet fuel, Vinh confirmed that NSRP, together with Petrovietnam Refining and Petrochemical Corporation, can produce and supply enough jet fuel to fully meet domestic demand, so the suspension of refined product exports by Chinese refineries in October will not affect Vietnam's aviation sector.
