PRESS RELEASE: Nghi Son refinery sustains full performance and supply assurance through May 2026

Thanh Hoa, Vietnam – March 25, 2026 – Nghi Son Refinery and Petrochemical LLC (NSRP) issues this operational update as the Company continues to safeguard a secure and stable crude supply during a period of significant volatility in the global market.

In mid-March, NSRP received its most recent crude shipment from Kuwait, subsequent geopolitical developments affecting transit through the Strait of Hormuz have temporarily limited additional deliveries. In anticipation of tighter supply conditions, NSRP promptly implemented enhanced crude sourcing measures and successfully arranged alternative feedstock to support continuous and stable operations.

As a result, NSRP is sustaining full operational capacity through March and has secured the crude volumes required to ensure uninterrupted operations through the end of May at its optimized capacity under current crude supply conditions, maximizing the production of fuel products within those constraints to support domestic demand, in close coordination with the Ministry of Industry and Trade (MoIT). NSRP continues to actively pursue additional crude and feedstock sourcing to enable higher run-rates, where feasible. The company remains focused on maintaining operational integrity, reliability, and continuity under all circumstances.

NSRP also expresses its sincere appreciation for the consistent support of the Government of Vietnam, relevant ministries, local authorities, as well as its sponsors and business partners. Their facilitation efforts, particularly in enabling access to potential regional crude sources and supporting ongoing dialogue with international partners, have played an important role in helping the Company navigate current market challenges.

NSRP reaffirms its commitment to stable operations and to contributing to Vietnam’s energy security through reliable, safe, and efficient refinery performance.

About NSRP

Established in 2008, Nghi Son Refinery and Petrochemical LLC (NSRP) is a joint venture sponsored by Kuwait Petroleum Europe B.V. (KPE), Idemitsu Kosan (IKC), Vietnam National Industry – Energy Group (PetroVietnam) and Mitsui Chemicals (MCI), with a total investment exceeding USD 9 billion.

Located in the Nghi Son Economic Zone, Thanh Hoa Province, Vietnam, NSRP operates one of the country’s most advanced refineries with a processing designed capacity of 200,000 barrels of crude oil per day, equivalent to 10 million tons annually.

As a leading supplier of refined petroleum products to the Vietnamese market and a trusted exporter of petrochemical products across the region, NSRP is committed to delivering a reliable supply of high-quality products at competitive prices, while upholding the highest standards of safety, efficiency, and sustainability.

Contacts

Hong Anh Vu (Ms.) – Senior Communications Leader

Administration and Corporate Affairs Department

Email: anh.vh@nsrp.com.vn