petrovietnam plans to build oil refinery complex for $18 5
PetroVietnam plans to develop a 24-26 Mt/year oil refinery in Vietnam
PetroVietnam, a subsidiary of state-owned Vietnam Oil and Gas Group, has announced plans to build an oil refinery with a crude oil processing capacity of between 24 and 26 Mt/year, located in Ba Ria, Vung Tau province, southern Vietnam. The refinery will be built alongside a petrochemical complex and a oil products storage facility for a total investment expected to reach US$18.5bn.
PetroVietnam plans to build oil refinery complex for $18.5 billion
HANOI -- PetroVietnam Power, a unit of state-run Vietnam Oil and Gas Group, has announced plans to build an oil refinery and petrochemical complex in the country.
Oil and gas giant PetroVietnam will build $18.5bn refinery
Oil and gas giant Petrovietnam is seeking government approval to build a $17-18.5 billion refinery and crude oil storage facility in southern Vietnam amid an expected domestic fuel shortage.The project, which will be located in the province of Ba Ria-Vung Tau, will be implemented in two phases, with the first phase requiring 70 percent of the funding, the state-owned company said in the proposal.
Petrovietnam eyes $18.5 bln refinery - VnExpress International
Oil and gas giant Petrovietnam is seeking permission from the government to build a $17-18.5 billion refinery and crude oil storage complex in southern Vietnam amid an expected domestic fuel shortage.
Vietnam s petrol giant PVN proposes $18bn oil refinery project
The Vietnam Oil and Gas Group (PVN) is seeking approval from the government to invest more than US$18 billion in an oil refinery project in the southern province of Ba Ria-Vung Tau. The Long Son Petrochemicals (LSP) Complex in Long Son Commune, Vung Tau City of Ba Ria-Vung Tau has been earmarked as the location for the project, which comprises two parts -- a petrochemical and refinery plant ...
Bitumenmag
PetroVietnam plans to build oil refinery complex for $18.5 billion. ... The investment for the first and second phase is expected to be up to $13.5 billion and $5 billion, respectively.
PetroVietnam Power, a unit of state-owned Vietnam Oil
PetroVietnam Power, a unit of state-owned Vietnam Oil and Gas Group, has said it will build an oil refinery and petrochemical complex within the country. The total investment for the complex is ...
General Director Le Manh Cuong PETROVIETNAM focuses its resources on
According to PETROVIETNAM General Director Le Manh Cuong, the Group is focusing its resources on building an industrial and energy ecosystem in the Dung Quat Economic Zone with the Dung Quat Refinery as the core. Priority is given to developing projects in deep processing, petrochemicals, biofuels, and crude oil storage infrastructure.
Vietnam plans to build new oil refinery｜Asian Viewpoints｜Market News
It is expected to receive an official government approval in 2024 and aims to complete construction in 2027. The government announced in March that it needed to build a new oil refinery. In Vietnam, fuel demand is forecast to grow from the current 18 mil mt per year to 33 mil mt by 2030, according to PetroVietnam.
PetroVietnam News Monitoring Service Press Release Distribution - Oil
PetroVietnam News Service from EIN News VinMetal plans to import nearly one million tonnes of scrap steel every year to supply its $3.2 billion steel complex in the central province of Ha Tinh. VinMetal Production and Trading JSC is waiting for the approval of an environmental permit for the … Source: Vietnam Investment Review- Gov t Institution Published on Sep 4, 2026