4:27:44 PM | 11/8/2008
The Drilling Mud Joint Stock Corporation (DMC), an affiliate of the state-owned oil monopoly PetroVietnam group, August 7 signed an agreement with the Management Board of Vietnam's first oil refinery Dung Quat to supply chemical products and services for the plant.
Under the agreement, DMC is expected to provide chemicals and long-term services for the refinery's operation with commitment to ensure sufficient quantity and quality, time and prices.
Meanwhile, the board will be responsible for informing DMC about its goods purchasing plans.
PetroVietnam plans to operate the refinery February 25 of 2009 in a bid to ease the country’s burgeoning petroleum imports.
The underway US$2.5 billion oil refinery, with expected products of propylene, liquefied petroleum gas (LPG), lead-free petrol, diesel and fuel oil, will meet 33 per cent of the country’s entire demand for petrol and oil. (Labor, VNA)
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