Chairman of the Vietnam Oil and Gas Group (PVN) Dinh La Thang has announced that the country will stop investing in small oil refineries with a capacity of less than 6.5 million tonnes a year.
Following the policy, the Nghi Son project in central Thanh Hoa province and the Long Son project in southern Ba Ria-Vung Tau province will each have an annual total capacity of 10 million tonnes.
The Nghi Son project has finished the design phase and is now preparing to solicit bids. It will then commence its Engineering, Procurement and Construction (EPC) contract in 2010.
Regarding the Long Son project, PVN is negotiating with the design contractor to upgrade the plant’s original capacity from 6.5 million tonnes to 10 million tonnes per year. The Group has allowed it to use other sources of crude oil in addition to those from Bach Ho (White Tiger) oil field.
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