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Contractors chosen for refinery
The Nghi Son oil refinery has granted engineering, procurement and construction (EPC) contracts worth a total of US$5 billion to French-based Technip, Japan's JGC Corporation, Spain's Tecnicas and PetroVietnam Construction Joint Stock Company.
The four firms were also the primary contractors involved in the construction of the Dung Quat Oil Refinery.
The $7 billion Nghi Son project, being developed by PetroVietnam Group in partnership with Kuwait Petroleum International Ltd and Japan's Idemitsu Kosan Company and Mitsui Chemicals Inc, would begin construction in the central province of Thanh Hoa in March, said PetroVietnam Chairman Dinh La Thang.
It has been designed to generate 10 million tonnes of refined products per year in its first phase, 1.5 times higher than the design capacity of the Dung Quat facility, which would make it the nation's largest petrochemical complex once completed in 2014, Thang said.
Products would include 2.3 million tonnes of petrol and 3.7 million tonnes of diesel fuel annually, he added, as well as liquefied petroleum gas (LPG).
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