BSR is set to increase its charter capital to 50 trillion VND, a 61% increase, to meet the funding needs for major projects. For 2025, BSR aims for a pre-tax profit of 837 billion VND, potentially reaching 1.3 trillion VND in an optimistic scenario. The management remains cautious due to the volatility in the oil refining sector, although historical profits have consistently exceeded forecasts. PVN, currently holding 92.13% of BSR’s shares, is considering a partial divestment to comply with minority shareholder requirements. BSR has had preliminary talks with Middle Eastern investors to attract capital and crude oil supply. The company is finalizing the feasibility study for the Dung Quat refinery upgrade project, expected to be submitted for approval on May 2 and operational by 2028.
Leave a Reply