Dung Quat oil refinery modernisation programme, Vietnam
Name and Location
Dung Quat oil refinery modernisation programme, Vietnam.
Client
Vietnam National Oil & Gas Group.
Project Description
The modernisation programme at Dung Quat will increase the refinery’s capacity from 6.5-million tonnes to up to 12-million tonnes.
The technical efficiency of the plant’s motor fuel production will also be improved to meet Euro V standards.
Value
Not stated.
Duration
Not stated.
Latest Developments
Gazprom Neft and the Vietnam Oil & Gas group have signed a framework agreement establishing the terms of the Gazprom’s proposed acquisition of a stake in the Dung Quat refinery and the refiner’s planned modernisation programme.
Gazprom will acquire a 49% share in Bihn Son Refining & Petrochemical, which controls and manages the refinery.
The parties are negotiating the price of the stake.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Vietnam National Oil & Gas Group, tel +84 4 38252526 or fax +84 4 38265942.
Gazprom Neft, tel +7 495 777 3143 or email pr@gazprom-neft.ru.
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