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NA deputies passes resolution on completion of Dung Quat Oil Refinery

In Uncategorized on November 26, 2010 at 1:50 pm

NA deputies passes resolution on completion of Dung Quat Oil Refinery

QĐND – Friday, November 26, 2010, 20:40 (GMT+7)

The NA deputies passed a resolution on completion of Dung Quat oil refinery at the 8th session of the 12th National Assembly which closed in Hanoi on November 26. 

The resolution states that the Dung Quat Oil Refinery Factory Project No 1 has been basically completed and is producing initial results.

The resolution asks the government to continue with a package of measures aimed at ensuring raw materials for the factory to operate steadily in the long-run, and improving the project’s socio-economic efficiency as well as its impact on the key economic zone in the central region.

It also asks relevant agencies to ensure absolute security and safety for the factory under the legal regulations and pay due attention to training hi-tech human resources for the oil refinery industry as well as stabilizing the people’s production activities in the surrounding areas. More importantly, it is necessary to implement the audit of the whole project under the legal regulations.

The same day, NA deputies approved another resolution on the results of supervising the implementation of administrative reform in areas related to citizens and businesses under an overall programme on state administrative reform in the 2001-2010 period.

Source: VOV

Source: QDND

Dung Quat refinery plans 4.9 million tonnes in 2011

In Uncategorized on November 10, 2010 at 1:57 pm

Dung Quat refinery to use imported crude oil

In Uncategorized on October 8, 2008 at 1:27 pm

The Vietnam Oil and Gas Group (PVN) is negotiating with BP of Britain and Shell of the US to import crude oil for the Dung Quat refinery, which is scheduled to start operation in February next year.

PVN said it plans to import oil to meet 30 percent of Dung Quat’s crude demand estimated at 3.5 million tonnes at its initial phase and around 6.5 million tonnes in 2010.

It was intended the nation’s first oil refinery would use crude oil from the Bach Ho field but as oil from the field is fetching the highest price in the market, the import of crude to replace part of this supply will be more enconomically beneficial.

The Oil Corporation (PV Oil) will undertake the sales of all product of the Dung Quat refinery during the refinery’s test running period.

PVN said that it is considering several possibilities regarding the Dung Quat refinery, which either see it operating as an independent business or being sold to a foreign partner.-

Dung Quat oil refinery to sell propylene to Japan

In Uncategorized on September 18, 2008 at 6:03 pm

Quang Ngai (VNA) – Vietnam ’s Dung Quat oil refinery will sell between 75,000-150,000 tonnes of propylene per year to Japanese company Marubeni until 2010.

According to the contract, which was signed in Quang Ngai on September 18, the prices will be determined on the basis of Singapore ’s market. The delivery will be made at the refinery’s port.

The Dung Quat oil refinery, built at an estimated cost of 2.5 billion USD, is expected to be put into operation in February 2009.-