Business

Dung Quat oil refinery set to produce 6 mln tonnes of products

The Dung Quat Oil Refinery in the central province of Quang Nam plans to turn out and sell around 6 million tonnes of products this year.
The Dung Quat Oil Refinery in the central province of Quang Namplans to turn out and sell around 6 million tonnes of products thisyear.

The country’s first oil refinery has set toearn more than 108 trillion VND in revenues and contribute over 15trillion VND to the state budget.

Since the refinery’soverall maintenance in mid Sept. 2011, the refinery has run at its fullcapacity. Last year, it produced almost 5.5 million tonnes of petroleumproducts and sold more than 5.4 million tonnes of products for almost110 trillion VND.

Eight petroleum and gas productsproduced by the refinery have received ISO 9001-:2008 certificates fromNorway-based Det Norrske Veritas (DNV), a leading international providerof risk management services.

The products includeliquefied petroleum gas (LPG), propylene, unleaded petrol, Jet A1 fuel,kerosene and diesel oil.

The refinery’sdeveloper, PetroVietnam, and its foreign partners are studying apossibility to raise the refinery’s yearly capacity to 10 milliontonnes.

They plan an additional investmentof 1 billion USD for the capacity expansion scheme, which is expected tobe completed in 2016./.
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