NSRP reaches 20 million safe manhours milestone, sustaining strong operational performance in Q1 2025

[Thanh Hoa, Vietnam – April 26^th, 2025] – Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) proudly celebrates a major achievement: exceeding 20 million safe manhours without Lost Time Injury (LTI) while maintaining strong and stable operations at high capacity throughout the first quarter of 2025.

NSRP has consistently operated safely and reliably at high capacity over an extended period. This is driven by a highly skilled and experienced workforce, disciplined management systems, and a proactive safety and risk control framework. Together, these factors have built a strong foundation for the company’s long-term sustainability and strong corporate culture.

“Safety is at the heart of everything we do,” said Mr. Kazutaka Yamato, General Director of NSRP. “Reaching 20 million safe manhours is a remarkable accomplishment, one that highlights the dedication, discipline, and teamwork of our people. It is more than a number; it reflects a culture where safety is embedded in every action and decision.”

In parallel with this safety milestone, NSRP delivered strong operational results. Operating at over 110% capacity, the Company supplied to the domestic market 1,961,615 tons of fuel products in Q1 2025 and is targeting 2,294,000 tons in Q2, reinforcing its vital role in meeting Vietnam’s fuel demand and ensuring energy security.

To meet rising market demands and support national energy goals, NSRP continues to expand its refining capacity beyond its original design, boosting operational flexibility, efficiency, and market responsiveness.

NSRP’s success is built on strategic transformation efforts over recent years, including improvements in corporate governance, operational stability, and long-term value creation. These efforts continue to drive sustainable performance and reinforce the company’s position as a critical player in Vietnam’s energy sector.

As NSRP continues its restructuring and long-term development path, it remains committed to close collaboration with the Government of Vietnam, ministries, local authorities, Sponsors, and stakeholders whose support continues to be essential to the company’s sustainable growth and success.

About NSRP

NSRP, established in April 2008, is a strategic joint venture backed by Vietnam National Industry – Energy Group (PETROVIETNAM), Kuwait Petroleum Europe (KPE), Idemitsu Kosan (IKC), and Mitsui Chemicals (MCI), with a total investment exceeding USD 9 billion.

Located in the Nghi Son Economic Zone, Thanh Hoa Province, the refinery has a processing capacity of 200,000 barrels of crude oil per day, equivalent to 10 million tons annually.

As a key supplier of refined petroleum products to the domestic market and a regional exporter of petrochemicals, NSRP remains committed to delivering a stable, high-quality supply at competitive prices – reinforcing its position as a cornerstone of Vietnam’s energy infrastructure.

Contact:

Hong Anh Vu (Ms.) – Senior Communications Leader

Administration, Social & Community and Public Relations Department

Email: anh.vh@nsrp.com.vn