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Energy

Vietnam refinery fails to tap oil boom over boardroom discord

Nghi Son facility hopes to recover from output cut at worst time

Diminished production at Vietnam's Nghi Son oil refinery has caused a gasoline shortage throughout the country. (Photo courtesy of Idemitsu Kosan)

TOKYO/HANOI -- Vietnam's leading refinery appears to have missed out on a golden opportunity, slashing output during a global oil rally because of a lack of coordination among the project's stakeholders.

Nghi Son refinery has the capacity to process 200,000 barrels of crude oil a day. But the site in northern Vietnam lowered the operating rate in January, eventually declining to nearly half of the capacity at one point in February.

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