Dung Quat Oil Refinery sells its first million tonnes of products

By December 3, the Dung Quat Oil Refinery had sold its first million tonnes of petrol, diesel and kerosene. Earlier, the Refinery had imported 1,674,342 tonnes of crude oil, producing nearly 1,145,000 tonnes of refined products.

In the first 10 months this year, the refinery contributed VND1,400 billion to the state budget and expects to hand over another VND800 billion in the last two months of the year.

When the refinery is in full operation, the output every year is expected to reach VND60,000-80,000 billion and contribute VND9,000 billion to the state budget, while furthering economic development in Quang Ngai and nearby areas.

In December, the refinery’s management board in coordination with the Binh Son Refining and Petrochemical Company will hold a meeting to review their operations in 2009. As scheduled, the Dung Quat Oil Refinery will be officially transferred from the Technip Complex to the Binh Son Company in mid-January 2010

Tags: Dung Quat oil refinery, Vietnam oil and gas

Posted by VBN on Dec 5 2009. Filed under HEADLINES, Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry