Technip hands over oil refinery to PetroVietnam

A ceremony was held in the central province of Quang Ngai on May 30 for the Technip contractors’ consortium to officially hand over the Dung Quat Oil Refinery to its Management Board.

The Dung Quat refinery, the country’s first of its kind which was built in the Dung Quat Economic Zone at the cost of US$3 billion, is designed to have a capacity of 6.5 million tonnes of oil products a year, meeting over 30 percent of the country’s needs.

After 44 months of construction, on February 22, 2009, the plant rolled out its first product, and three months later, it began producing all kinds of products as designed and it ran at full capacity.

By the end of May, the plant received a total of 4 million tonnes of crude oil from the offshore Bach Ho oilfield for its test run. It has by far turned out over 3.2 million tonnes and sold to the market 3 million tonnes of LPG, Propylen, unleaded petrol, kerosene, petrol for aircraft Jet A1, DO and FO.

The Binh Son Petrochemical Company will be in charge of operation, production as well as business activities of the Dung Quat oil refinery.

Speaking at the function, Phung Dinh Thuc, Director General of the Vietnam Oil and Gas Group (PetroVietnam), which is the refinery’s investor, said with estimated revenue of over VND65 trillion (US$3.4 billion) a year, the refinery is expected to contribute greatly to promoting Quang Ngai province’s economic restructure and industrial and service development.

P.K Singh, Project Director of the Technip consortium, laid stress on the endeavours the consortium has made during the construction course of the plant.

He said his consortium was pleased to see that all participating builders have made their utmost to ensure the safety for the plant and hoped PetroVietnam, the Binh Son Company, and local authorities will help the plant maintain its certified safety.

On the occasion, Singh handed over the key symbol of the Dung Quat plant – a crown of Vietnam’s industry – to PetroVietnam and the Binh Son Petrochemical Company.

VNA

Tags: Dung Quat oil refinery, PetroVietnam, Technip, Vietnam Oil Refinery