27th International
Caspian Oil & Gas Conference


2 - 3 June 2021

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Caspian Oil & Gas Conference - SOCAR Trading launched oil supply to Vietnamese oil refinery under new contract

SOCAR Trading launched oil supply to Vietnamese oil refinery under new contract
04.02.2020

SOCAR Trading (the trading subsidiary of the State Oil Company of Azerbaijan) sent the first shipment of Azeri Light Azerbaijani oil to the Dung Quat Vietnamese oil refinery within the framework of the total supply of this oil in the amount of 5 million barrels agreed for the first half of 2020, as it became known to Turan from informed sources.

Corresponding agreements were reached on November 29, 2019 in Hanoi between Binh Son Refining and Petrochemical Co (BSR) JSC, which is part of the state company Petrovietnam, and SOCAR Trading. BSR oversees the Dung Quat refinery with a processing capacity of 6-7 million tons of oil (average capacity 130 thousand barrels per day).


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