Business

Dung Quat Oil Refinery launched this month

The Vietnam Oil and Gas Group (Petrovietnam) will hold an inauguration ceremony for the Dung Quat Oil Refinery on December 24, according to the chief of the Office of the Binh Son Petrochemical Company Dang Hong Son.
The Vietnam Oil and Gas Group (Petrovietnam) will hold an inaugurationceremony for the Dung Quat Oil Refinery on December 24, according to thechief of the Office of the Binh Son Petrochemical Company Dang HongSon.

The Dung Quat refinery has a total investment capital of more than 3billion USD with a designed capacity of 6.5 million tonnes of crude oileach year. It can meet one-third of consumption demand for domesticpetroleum product.

By early December, the refineryhad produced 6.75 million tonnes of petroleum products and sold morethan 6.66 million tonnes of products. The plant’s revenue this year wasestimated to reach 53.8 trillion VND, contributing 10.4 trillion VND tothe state budget.

At present, the Dung Quatrefinery is operating with a production output of 105 percent, turningout an extra of 1,000 tonnes of products a day.

The refinery is expected to increase its revenue to 73 trillion VND in 2011./.
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