On July 8, 2025, at Dung Quat Refinery, Binh Son Refining and Petrochemical Joint Stock Company (BSR) held a launch ceremony for its new product, Sulfur Pastilles. This marks a significant milestone in BSR’s journey of research, technological innovation, and strategic development of by-products from the refining and petrochemical process.

With the goal of diversifying product offerings, optimizing the value chain, and enhancing business efficiency, Binh Son Refining and Petrochemical Joint Stock Company (BSR) - the operator of Dung Quat Refinery - has successfully developed and launched a new product, Sulfur Pastilles, to the market in July 2025. This strategic step aims to enhance the commercial value of by-products while unlocking larger consumption potential in both domestic and international markets.

Amidst heightened volatility in the global oil market, which has directly impacted crude oil prices and the world economy, Binh Son Refining and Petrochemical Joint Stock Company (BSR) has proactively assessed and successfully test-processed two new crude oils - Murban (UAE) and Cooper Basin (Australia). With this achievement, the total number of imported crude oils that can be processed at Dung Quat Refinery has increased to 25 types, enhancing BSR’s feedstock flexibility, optimizing operational efficiency, and strengthening the Company’s adaptability to market fluctuations.

Despite continued volatility in the global oil market due to escalating geopolitical conflicts, adverse impacts of U.S. tax policies, sharp fluctuations in crude oil prices, and mounting competitive pressures, Binh Son Refining and Petrochemical Joint Stock Company (BSR) recorded a strong performance in the first half of 2025.

On June 26, 2025, Binh Son Refining and Petrochemical Joint Stock Company (BSR) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PV Gas D) officially signed a Memorandum of Understanding (MoU) on LNG trading principles. The agreement marks a significant step in BSR’s roadmap to transition from traditional fuels to cleaner alternatives at Dung Quat Refinery.

In the first half of 2025, the global oil market continued to fluctuate due to escalating geopolitical tensions, especially the armed conflict between Iran and Israel, which disrupted supply chains and caused sharp, short-term changes in Brent crude prices. In Vietnam, domestic refineries - including the Dung Quat Refinery operated by BSR - faced dual pressure from low-cost imports and fuel price instability.