Dung Quat oil refinery to sell propylene to Japan

Vietnam ’s Dung Quat oil refinery will sell between 75,000-150,000 tonnes of propylene per year to Japanese company Marubeni until 2010.

According to the contract, which was signed in Quang Ngai on September 18, the prices will be determined on the basis of Singapore ’s market. The delivery will be made at the refinery’s port.

The Dung Quat oil refinery, built at an estimated cost of 2.5 billion USD, is expected to be put into operation in February 2009.

VNA

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