HANOI (Reuters): Vietnam's Binh Son Refining and Petrochemical said on Monday it has secured enough crude oil to operate until early July.
The 130,000-barrel-per-day refinery will buy all crude oil produced domestically for its operations, the company said in a statement.
* The company is aiming to earn net profits of 2.2 trillion dong ($83.52 million) this year, it said.
* It will sign a contract soon with a key contractor for the project to expand the refinery, it said, adding that the expansion is scheduled for completion by the end of 2028.
* The refinery will undergo a major maintenance programme in 2027, it said.
* State energy firm Petrovietnam will ultimately reduce its stake in the refinery to 49% from over 92%, it said.
* Vietnam's crude oil output in the first quarter this year rose 11.5% from a year earlier to 2.17 million tons, according to government data. ($1 = 26,340 dong)
(Reporting by Khanh Vu; Editing by David Stanway) -- Reuters
