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المشهد
Vietnam's largest refinery exceeds capacity with Kuwaiti crude
Nhi Son Refining and Petrochemical Company secured sufficient quantities of crude oil, mostly from Kuwait, to operate Vietnam's largest refinery at 125% of its designed capacity until the end of November 2026. The refinery, located in Tân Hòa Province, operates at a capacity of up to 200,000 barrels per day, with the goal of meeting domestic fuel demand after supply disruptions during the first half of the year. Following a pause in oil imports from Kuwait from April to July, the company successfully diversified its sources, importing from Oman, the UAE, the United States, Iraq, Angola, and the Republic of Congo, with Kuwait remaining the main supplier at 75%. The refinery faced challenges when testing American oil due to its incompatibility with the operating system, prompting the company to develop its capacity to process 10 different types of crude oil, utilizing diverse sources to enhance supply stability and support the Vietnamese market amidst a 10.8% decline in oil imports during the first eight months of 2026, along with a sharp 64% decrease in Kuwaiti shipments.
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