PM OKs Financial Incentives to Vietnam First Oil Refinery
Vietnamese Prime Minister Nguyen Tan Dung has approved financial incentives for the country’s first oil refinery Dung Quat between 2009 and 2010, the government said.
The approval comes after the proposals by the Ministry of Finance and the state-owned Vietnam Oil and Gas Group (PetroVietnam), the government attributed, giving no elaboration.
The PM assigned PetroVietnam to coordinate with state agencies to form appropriate production cost plans for the refinery, it added.
The plant had revenue of VND4.2 trillion (US$235.3 million) since it started operation Feb 22 through the end of September.
It produced a combined 436,029 tons of products, 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 from its first operation Feb 22 through end-Sept. (chinhphu.vn)
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