Four oil refineries due to enter operation by 2030

(VOV) - Vietnam aims to have four oil refineries fully operational by 2030 capable of processing 16-20 million tonnes of crude oil per annum by 2020.

The Ministry of Planning and Investment made the announcement at a recent meeting, discussing the orientations of the oil refinery industry and projects for coastal socio-economic development along with adaptation to climate change.

The project is expected to incrementally increase the capacity of the Nghi Son Oil Refinery and Petrochemical Complex to 10 million tonnes per year in the 2013-2020 period.

Dung Quat Oil refinery’s capacity will be increased from its current annual 6.56 million tonnes to 10 million tonnes while three Ethanol plants will gradually step up production to 300 million litres per year.

Plans for the 2021-2030 period for the Long Son and Vung Ro oil refineries will further elevate capacity to 10 million tonnes and 8 million tonnes per year respectively, bringing total capacity to 38 million tonnes per year. 

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