The contract is signed on September 21 (Photo: VNA)

A consultancy and supervision contract was signed on September 21 for the Front End Engineering Design (FEED) phase of the Dung Quat Oil Refinery upgrade and expansion project in the central province of Quang Ngai.

Accordingly, the US Quad Personnel Consultants company and the domestic Giac Thanh Co. Ltd will play roles as advisors in a deal worth 50 billion VND (about 2.25 million USD).

The consultancy will be implemented in tandem with the FEED contract signed earlier between the UK-based Amec Foster Wheeler Energy Ltd. and Binh Son Refinery Company, a unit of PetroVietnam.

The Dung Quat Oil Refinery expansion and upgrade project is worth 1.8 billion USD, which is expected to increase the plant’s annual processing capacity from 6.5 million tonnes of crude oil to 8.5 million tonnes.

Besides existing products which will meet international standards and the EURO 5 criteria, the project will also help produce plastics, tar, A97 and A98 gasoline and special materials used in military and defence.

The expansion project is scheduled to be completed by 2021.-VNA