Dung Quat Oil Refinery to be handed over by December

After having completed the repair of the damaged valve, the Dung Quat Oil Refinery continued to be put into a trial run and it is expected to be handed over to the investor by December 2009, said Phung Dinh Thuc, General Director of the Vietnam National Oil and Gas Group (PetroVietnam).

According to the initial plan, the refinery would have been handed over to the investor on October 25, 2009. However, on August 18, 2009, it stopped operating due to technical problem with the valve equipment.

After the repair of the refinery had been completed, it continued to operate again.

Until November 17, 2009, the refinery had brought in over 1.4 million tonnes of crude oil and processed 936,000 tonnes of petroleum products of all kinds and sold over 380,000 tonnes of these products.

The Dung Quat Oil Refinery is the country’s main work, with a capacity of processing 6.5 million tonnes of crude oil a year, meeting around 30% of the domestic demand for petrol and oil.

On the occasion of the traditional day of the oil and gas sector (November 27), the Vietnam Petroleum Finance Joint-Stock Company (PVFC) inaugurated the PVFC building at 22 Ngo Quyen street, Hanoi on November 24. This is a work to celebrate the 1000th anniversary of Thang Long – Hanoi.

Mr. Thuc also said that, on November 28, in Can Tho city, the Petrovietnam will officially start the construction of the Lot B – O Mon gas pipeline with a capacity of transporting 18.3 million cubic metres of gas per day and night (6.4 billion cubic metres of gas a year) and a total investment of up to US$1 billion.

The pipeline, nearly 400 kilometres in length, including around 246 kilometres at sea, will run through Can Tho city and four provinces of Hau Giang, Kien Giang, Bac Lieu and Ca Mau.

The project aims to transport natural gas from gas fields in the Southwest sea area in order to provide gas as fuel for the electric plants at the electric power centres of O Mon and Tra Noc and supply additional gas to the Ca Mau Gas – Power – Fertiliser Industrial Park and households in the western part of the southern region.

Tags: Dung Quat oil refinery, Vietnam business news, Vietnam Petroleum