Companies Postpone Building $20 Billion Refining and Petrochemical Complex in Vietnam

Reuters, June 29, 2016

Thailand's state-owned energy giant, PTT Pcl, has postponed plans to build its proposed $20 billion refinery and petrochemical complex in Vietnam, citing political changes in the country and uncertainty in global oil markets. The proposed complex, a joint venture with Saudi Aramco, was to include a 400,000 bpd refinery and an olefins and aromatics petrochemical plant with annual output of 5 million tonnes. The companies have stated they will delay construction and review investing in the project later this year.

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