Dung Quat refinery gets US$32 million loan

The Binh Son Refinery and Petrochemical Company, the operator of the Dung Quat Oil Refinery, on September 29 inked a credit contract worth US$32 million with Quang Ngai branch of the Joint Stock Commercial Bank of Foreign Trade of Vietnam (Vietcombank).

The contract was reached in the central province of Quang Ngai, where the refinery is located, with the arrangement of the PetroVietnam Finance Joint Stock Corporation.

The loan will be used for the implementation of a US$45 million project on adding crude oil pumps and two crude oil tanks in the refinery.

Once completed, the project will help to ensure stable operation of the refinery, partially meeting demands for energy of the market.

Tags: Dung Quat oil refinery

Posted by VBN on Oct 1 2011. Filed under 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