Vietnam Dung Quat refinery to restart on schedule, not earlier executive

Vietnam’sDung Quat Refinery won’t be restarted before Sept. 15, when planned maintenance is scheduled to end, despite efforts by the operator and maintenance contractor to accelerate the process, an executive with the operator of the plant said Tuesd

The 130,000-barrel-a-day refinery is was shut July 15. State-run Vietnam Oil and Gas Group, or PetroVietnam, which owns the plant, said earlier that it was trying to get the plant back into operation ahead of schedule.

“We would have been able to shorten the shutdown by one or two days, but a day-long power cut Monday has made it impossible,” said the executive, who didn’t want to be named.

In March, PetroVietnam awarded a $25 million contract to a South Korean consortium that includes Jcon, Dong-II, Ubec and Daechang, to undertake the maintenance.

The executive said the estimated cost of purchasing parts for replacement during the maintenance is yet to be finalized.

Source Dow Jones

Tags: Dung Quat Refinery