PetroVietnam Hopes To Sign Oil Refinery Deal

September 2003
Asia Monitor: South East Asia Monitor Volume 1;Sep2003, Vol. 14 Issue 9, p5
Country Report
Country Report
State-controlled Petro Vietnam is hoping to sign a U.S. $800mn contract in Q4 2003 with France's Technip-Coflexip, Japanese group JGC Corp. and Spain's Technicals Reunidas to construct an oil refinery in Vietnam. The refinery project was started in 2000, but the construction of its core processing facilities had been delayed due to fluctuations in currency exchange rates affecting the financial agreements. Once government approval has been received, construction is estimated to take almost three years. The refinery is scheduled to commence operations in 2006 and will have a crude oil processing capacity of 130,000 b/d.


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