February 12, 2026 [Hydrocarbon Processing]- Vietnam’s largest refinery, Nghi Son Refinery and Petrochemical LLC, will operate at 120%–125% of its designed capacity in the first quarter of 2026, state media reported on Thursday.

The 200,000-bpd refinery plans to produce 2 MMt of refined petroleum products in the January–March period, the Vietnam News Agency said.

• NSRP is one of the two operational oil refineries in Vietnam that often operate above designed capacities to meet domestic demand for fuels.
• NSRP is 35.1% owned by Japan’s Idemitsu Kosan Co., 35.1% by Kuwait Petroleum, 25.1% by Vietnam’s state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.
• In 2025, NSRP processed 12 MMt of crude oil and reported total revenue of 188 trillion dong ($7.24 B).
• In January, it processed the first batch of non-Kuwaiti crude oil.

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