BP TO SUPPLY CRUDE OIL FOR DUNG QUAT REFINERY IN VIETNAM
HANOI, Jan 13, 2009 (AsiaPulse via COMTEX News Network) -- Oil giant British Petroleum (BP)
is to supply crude oil to Dung Quat, Vietnam's first oil
refinery, in accordance with a contract signed in Hanoi on
January 12 by the British company and Vietnam's PV Oil and BSR
firms.
PV Oil is responsible for negotiating with BP over the
purchase of crude oil, which will gradually replace the supply
of crude from Vietnam's Bach Ho (White Tiger) oil field, whose
output is expected to decrease in the future.
Dung Quat refinery, which is to commence operations on
February 25, is designed to process 3.5 million tonnes of oil
during 2009, or 70-75 barrels per day. Its annual capacity is
set to increase to 6.5 million tonnes, equivalent to 100-145
barrels per day in subsequent years.
Once fully operational, the refinery will meet 30 per cent
of domestic demand. Vietnam currently imports 13 million tonnes
of petro and oil per year.
(VNA)
(C) 2009 Asia Pulse Pte Ltd
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