Wednesday, July 09, 2008

PetroVietnam proposes expansion of Dung Quat oil refinery

The Vietnam National Oil and Gas Group (PetroVietnam) has submitted to the Prime Minister for approval a plan to expand the Dung Quat Oil Refinery’s annual capacity to 10 million tonnes of products from the current 6.5 million tonnes.
The expansion of the country’s first oil refinery, which is under construction in central Quang Ngai province, is aimed at meeting the increasing fuel demand on the domestic market and ensure national energy security.
According to the plan, the expansion will begin after the oil refinery goes into operation, slated for February 2009.