Vietnam First Oil Refinery Gets Equipment

1:43:13 PM | 2/20/2006

Vietnam’s first oil refinery, Dung Quat, has received its first equipment for the installation from Indonesia. The equipment package comprising of 350 steel pipes, weighing over 1,200 tons, was unloaded at Dung Quat Port in central Quang Ngai province on February 15.
 
This is the first of the three steel pipe packages with a combined tonnage of 4,500 tons for the EPC 5B Package, which covers the construction of a product-exporting port of the Dung Quat Oil Refinery.
 
The remaining two packages with 1,000 steel pipes will be delivered from now until early March, said local media.
 
However, neither the supplier of the steel pipe packages nor the value of the packages was revealed.
 
The Dung Quat Oil Refinery, construction on which was kicked off by a consortium comprising of France’s Technip, Malaysia’s Technip Geoproduction, Japan’s JGC and Spain’s Tecnicas Reunidas in late November 2005, is scheduled for operation in early 2009. 
 
The refinery, which costs US$2.5 billion plus, can process 47.65 million barrels of crude oil a year for high-grade gasoline, jet fuel, liquefied petroleum gas, kerosene, diesel oil for engines, diesel oil for industrial use, fuel oil, and propylene. It is expected to meet 40 per cent of Vietnam’s petroleum demand at this time.
 
When completed, the oil refinery will be run by PetroVietnam, or Vietnam Oil and Gas Corp. in full.
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