Central oil refinery to double capacity

The Vung Ro oil refinery in the central province of Phu Yen will double its annual capacity to 8 million tons, the investors, Britain’s Technostar Management and Russia’s Telloil, have said.

The cost of the plant, whose first phase will go on stream at the end of this year, will go up from US$1.7 billion to $2.5 billion.

Besides an oil refinery, the investors also plan to build a chemical manufacturing plant and a port.

Construction of the facility, which will occupy 200 hectares on land and 210 ha in the sea, began in the middle of last year.

The refinery will be Vietnam’s second after the first opened in Dung Quat last year. – Tuoitre

Tags: Vietnam Oil Refinery, Vung Ro Oil Refinery

Posted by VBN on Apr 28 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