Nhan Dan Online/VNA – Work started for the construction of a LPG storage and tank truck station in the Dung Quat economic zone’s Eastern Industrial Zone on March 16 with a total initial investment of 226.6 billion VND. The Vietnam Gas Corporation, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the investor [...]
PetroVietnam in talks to sell Dung Quat refinery stake
February 22, 2009 by Leave a Comment
State oil monopoly PetroVietnam is in talks with a number of foreign oil companies including Royal Dutch Shell, India’s Essar and South Korea’s SK Energy to upgrade and sell part of the country’s first refinery. The Ministry of Planning and Investment-run Dau Tu (Investment) newspaper quoted PetroVietnam chairman Dinh La Thang as saying the group [...]
First products of Dung Quat refinery hit market today
February 22, 2009 by Leave a Comment
The historic first step of Vietnam’s petrochemical industry will be celebrated tonight as the Dung Quat Oil Refinery in the central province of Quang Ngai officially releases its products into the market. The celebration, organized by the Vietnam Oil and Gas Corporation – Petrovietnam – will be aired live on Vietnam Television Station‘s VTV1 channel [...]
BP to supply crude oil to Vietnam’s Dung Quat refinery
February 17, 2009 by Leave a Comment
LOS ANGELES, Jan. 14 — BP PLC has signed an agreement with state-run Petrovietnam Oil Corp. and operator Binh Son Refinery Co. to supply oil to Vietnam’s 130,000-b/d Dung Quat refinery starting on Feb. 25. Petrovietnam will negotiate with BP over the purchase of as much as 70,000 b/d of crude, which will gradually replace [...]
Dung Quat Oil Refinery begins operations
February 16, 2009 by Leave a Comment
On February 9th, the Dung Quat Refinery in the Central Province of Quang Ngai officially began became operational. The crude oil distillation tower in the CDU atmospheric pressure unit, one of the most important units of the Dung Quat refinery, has started refining around 900,000 tons of crude oil, reaching 60 percent of its total [...]
Petrovietnam plans $250-mln oil depot for refinery
January 18, 2009 by Leave a Comment
The trading arm of Vietnam’s state oil firm Petrovietnam will build a $250 million oil depot by 2010 to store products from the country’s first refinery Dung Quat, a state-run newspaper reported on Monday. PV Oil, which operates about 2,000 filling stations nationwide, will also distribute products from the 140,000-bpd refinery due to start operating [...]