Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1

Idemitsu Kosan Co

12/02/2026 02:30

HANOI, Feb 12 (Reuters) - 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-barrel-per-day refinery plans to produce 2 million tons 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 5019.T, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc 4183.T.

* In 2025, NSRP processed 12 million tons of crude oil and reported total revenue of 188 trillion dong ($7.24 billion).

* In January, it processed the first batch of non-Kuwaiti crude oil.

($1 = 25,981 dong)

(Reporting by Khanh Vu)

((khanh.vu@thomsonreuters.com; +84 24 38259623;))