Nghi Son receives first Qatar Marine crude cargo from PVNDB
PVNDB supplied more than 11 million barrels in 10 cargoes between May and October, drawing on five crude grades from two regions.
Vietnam’s Nghi Son refinery received Qatar Marine crude for the first time on October 28, when the very large crude carrier FLORA delivered approximately two million barrels. Supplier PVNDB, a Petrovietnam subsidiary, said the cargo completed 10 deliveries totalling more than 11 million barrels between May and October.
According to PVNDB, those deliveries included five grades of crude originating in the Middle East and West Africa. Qatar Marine adds an alternative for a refinery that has traditionally relied on crude from Kuwait.
An Oman crude cargo of around 500,000 barrels had arrived days before the Qatar Marine delivery. PVNDB said urgent refinery feedstock needs prompted both transactions. Arrangements for the Oman cargo took about three days after the request; the Qatar Marine transaction was organised in under a week.
Concerns that Gulf tensions in March could interrupt international oil shipments had complicated feedstock procurement at Nghi Son. Petrovietnam responded by looking for other suppliers, while PVNDB took on more responsibility for crude purchases and cross-border transactions.
PVNDB said it coordinated cargo sourcing, negotiations and transport with international trading partners. It aims to grow its international oil trading business within Petrovietnam, matching overseas supplies to the refinery’s needs to help sustain operations and limit exposure to supply interruptions.
