Vietnam Refiner Looking to Invest $1.82 Billion into Refinery Expansion

Vietnamnet Bridge, December 6, 2016

Binh Son Refining and Petrochemical Company Ltd. (BSR), a subsidiary of state-owned Vietnam Oil and Gas Group (PetroVietnam), is reportedly planning to invest USD $1.82 billion dollars into expanding and upgrading its Dung Quat Oil Refinery in the Quang Ngai Province.  The expansion project is aimed at increasing the stable supply of crude oil in accordance with the Euro 5 emission standard. Once completed, the refinery’s annual capacity will reach 8.5 million tonnes of crude oil; up from the current volume of 6.5 million tonnes.


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