Oil Refinery Throughput โ - Oil Refinery Throughput refers to the actual volume of crude oil and other refinery feedstocks processed by petroleum refineries during a given period. It is typically measured in thousand barrels per day (kb/d) and represents the operational output of the refining sector rather than its installed capacity. This indicator reflects the extent to which refinery infrastructure is utilized to convert crude oil into refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other petroleum products. Oil Refinery Throughput is widely used to assess refinery operations, downstream petroleum activity, fuel production levels, and the efficiency of refinery utilization.
It serves as an important indicator of refinery utilization, fuel production, industrial growth, energy security, and Vietnam's ability to meet increasing domestic petroleum product demand.
Vietnam recorded oil refinery throughput of 155 thousand barrels daily in 2015, remaining unchanged in 2016 before declining to 141 thousand barrels daily in 2017. Throughput increased significantly to 221 thousand barrels daily in 2018 and 276 thousand barrels daily in 2019. Refinery throughput remained stable at 276 thousand barrels daily in 2020, increased to 308 thousand barrels daily in 2021, and reached a record 356 thousand barrels daily in 2022 before easing to 287 thousand barrels daily in 2023, reflecting changing refinery operations and downstream market conditions.
Overall, the dataset demonstrates a strong long-term upward trend despite moderate fluctuations during the final years of the review period. The substantial increase after 2017 highlights expanding refinery capacity, improving operational efficiency, and rising domestic fuel demand.
The dataset is valuable for evaluating Vietnam's refinery throughput trends, analyzing downstream industry performance, and assessing crude oil processing activity. It supports refinery utilization analysis, investment planning, energy security assessments, and policy evaluation while providing valuable insights for researchers, analysts, industry stakeholders, and policymakers studying refinery efficiency, infrastructure development, and the long-term growth of Vietnam's petroleum refining industry.