Vietnam First Oil Refinery Has Revenue of VND4.2T by End-Sept

3:05:40 PM | 10/14/2009

Vietnam’s first oil refinery Dung Quat had revenue of VND4.2 trillion (US$235.3 million) since it started operation Feb 22 through the end of Sept, the state-owned Vietnam Oil and Gas Group (PetroVietnam) said.

The plant produced a combined 436,029 tons of products in the period, comprising 38,888 tons of liquefied petroleum gas (LPG), 18,153 tons of fuel oil, 142,130 tons of diesel, 38,083 tons of kerosene, and 198,775 tons of gasoline A92, the group attributed.

Tropical typhoon Ketsana, the ninth to hit Vietnam this year, destroyed some small equipment at the refinery; thus, the plant’s management board is speeding up repair to finish works before Oct. 15, it noted.

As planned, the US$3.054-billion refinery will operate at its full capacity Oct. 25, the group said, adding that general contractor Technip will hand over the plant to PetroVietnam by end-2009 with a 24-month guarantee period.

PetroVietnam hopes the Dung Quat plant will produce a total of 2.02 million tons of petroleum products by the end of this year, which is lower than its earlier target of 2.6 million tons. (pvn.vn)