3:32:07 PM | 21/5/2010
Vien Dong Investment and Trading Corporation and Hoa Viet Group will start building an oil refinery costing US$350 million in the Mekong Delta city of Can Tho next year.
The 50-hectare refinery will have an annual capacity of two million tons.
The plant is expected to produce gasoline A92, gasoline A95, diesel oil, light naphtha and liquefied petroleum gas (LPG) once operational after 18 months of construction.
Last November, Semtech Limited of the U.S., who had pledged to contribute 70% of the plant’s total investment, withdrew from the project due to the financial difficulties. (Vietnam & World Economy, Liberated Saigon)
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