PetroVietnam CEO: "One refinery has not received Middle Eastern crude for a while"

Petrovietnam CEO Le Manh Cuong said one of the company's two refineries, which depends entirely on Middle Eastern crude, received no barrels from the region for a period during the Iran war, forcing the state energy firm to secure alternative supply through other countries and partners. He did not name the affected refinery, leaving it unclear whether it is the 200,000 bpd Dung Quat plant or the Nghi Son refinery. Petrovietnam is pursuing replacement crude while continuing LNG power, offshore wind and nuclear projects. The disruption matters because it exposes Vietnam's refining system to concentrated import risk at a time of Middle East volatility. Watch for confirmation of which refinery was hit, the cost and origin of substitute cargoes, and whether run rates or product output at either plant are affected.