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VietNamNews

Refinery grants procurement contracts

Update: November, 20/2012 - 10:44

HA NOI (VNS)— PetroVietnam said that it would join five contractors from Japan, France and S.Korea to build Nghi Son Oil Refinery in May. An official engineering, procurement and construction contract will be signed next month.

The US$6.2 billion project will result in a plant with a capacity of processing 8.4 tonnes of crude oil per year.

The plant is scheduled to be completed in 2014. Its major products will be liquefied petroleum gas, petrol A92, A95, A98, PP, jet fuel and diesel.

The Nghi Son plant, together with Dung Quat Oil Refinery, will meet 50 per cent of domestic demand for oil and petrol.-VNS

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