ID :
13328
Tue, 07/22/2008 - 12:11
Auther :

Petrolimex ventures with Sinopec in 4.5bn USD refinery project

Hanoi (VNA) - A 4.5 billion USD oil refinery project will be built in central coastal Khanh Hoa province, an executive of the Vietnam National Petroleum Corporation (Petrolimex) said.

Chairman of Petrolimex's Management Board Vu Ngoc Hai said that Petrolimex and its partner the China Petroleum and Chemical Corporation (Sinopec Corp.) are planning to survey the project's site to make an initial report to relevant agencies.

Crude oil is scheduled to be imported from either Singapore or theMiddle East to feed the oil refinery, which will be capable of processing 10 million tonnes of crude per year.

Petrolimex is a wholly State-owned business having 43 affiliates and 34 branches and enterprises nationwide apart from three joint ventures with foreign countries and one branch in Singapore.-Enditem

X