NSRP navigates global energy supply volatility

The NSRP refinery remains focused on ensuring a secure crude oil supply and uninterrupted operations, despite ongoing geopolitical uncertainties and market volatility. The company successfully processed its first non-Kuwaiti crude oil cargo in January 2026, highlighting its technical capabilities and feedstock diversification strategy.

By expanding its crude slate and processing ten grades of non-Kuwaiti crude, NSRP has strengthened its resilience against supply disruptions and optimized its crude selection. While Kuwait remains the primary crude supplier, NSRP has adopted a more flexible procurement approach, combining traditional sources with suitable alternative crude grades.

As the global oil market experienced significant volatility in 2026, the refinery managed to maintain solid business performance through crude optimization, disciplined operations, and strong product margins. NSRP supplied around 6.54 million tonnes of petroleum products to the market and expects to supply an additional 2.69 million tonnes in the fourth quarter, contributing approximately 35-40% of Vietnam's domestic fuel demand.

The refinery's operational and financial performance has improved significantly in 2026, driven by strong refinery utilisation, healthy refining margins, feedstock optimization, and disciplined cost and working-capital management. NSRP's contribution to Vietnam extends beyond fuel production, with the company contributing approximately VND 147 trillion ($5.65 billion) to the state budget as of August 2026.

In the future, NSRP aims to become a world-class energy and industrial company, supporting Vietnam's energy security, industrial development, and economic growth while advancing the country's energy transition and net-zero ambitions.