Dung Quat oil refinery contracts okayed

The Vietnam National Oil and Gas Group (PetroVietnam) has successfully negotiated with the   UK ’s BP and SOCAR of Azerbaijan on supplying crude oil to Vietnam ’s Dung Quat oil refinery.

Under the plan, SOCAR will provide 65,000 cu.m of crude oil to Dung Quat from mid-August, while BP will supply another 65,000 cu.m in late August.

Nguyen Hoai Giang, General Director of the Binh Son Refinery and Petrochemical Co.(BSR) under PetroVietnam, on July 26 said that since the refinery’s official operations began in February 2009, Dung Quat has received over 5 million tonnes of crude oil and turned out 4.2 million tonnes of refined products.    

Located in the central province of  Quang Ngai, Dung Quat is the first oil refinery in Vietnam to be built with a designed capacity of 6.5 million tonnes a year.

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