Vietnam’s Dung Quat refinery receives first US crude oil cargo

Vietnam’s Dung Quat refinery receives first US crude oil cargo

Singapore — Vietnam’s 148,000 b/d Dung Quat refinery has received its first cargo of US crude oil, an official at refinery operator Binh Son Refining and Petrochemical said Wednesday.

The Suezmax vessel Almi Horizon arrived at Dung Quat port on April 29 carrying 950,000 barrels of crude loaded from the US Gulf Coast, S&P Global Platts vessel tracking software cFlow showed.

The crude was loaded onto the vessel at the Galveston Offshore Lightering Area on March 15, before making the trip to Asia via the Suez canal, cFlow showed.

Shipping fixtures showed that BP was the charterer of the vessel.

A senior BSR official told Platts in February that the company bought its first US crude cargo of WTI grade for delivery in April for testing. BSR bought the cargo because of its price competitiveness to other crude grades and its compatibility with the refinery, the official said.

The official added that BSR may import more WTI crude if the testing is successful.

The arrival of the cargo at Dung Quat comes as other refiners in Southeast Asia have also recently made their first purchases of US crude.

Indonesia’s Pertamina is expected to take delivery of its first US crude cargo of WTI Midland in early June, Platts earlier reported.

Source: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/050219-vietnams-dung-quat-refinery-receives-first-us-crude-oil-cargo

 

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