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Oil refinery eyes $2 billion upgrade, production boost

Update: April, 16/2012 - 10:07

QUANG NGAI — It would cost the Binh Son Refining and Petrochemical Co Ltd US$2 billion to expand production at the Dung Quat Oil Refinery by 43,000 oil barrels per day, according to a feasibility study conducted by Japanese consultant JGC.

Under the study, the refinery could raise its capacity to 192,000 oil barrels per day, equivalent to 9.5 million tonnes of crude oil per year, instead of the current 149,000-barrel production scale.

The company also plans to invest in an input crude oil processing workshop to diversify input oil sources such as oil imported from the Middle East and Venezuela. — VNS

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