Dung Quat refinery produces 3.62 million tons of oil products

Vietnam’s first oil refinery, Dung Quat, has produced 3.62 million tons of petroleum products in the first nine months of this year, said PetroVietnam General Director Phung Dinh Thuc at a press briefing. The figure surpassed 19% of its target during the period, he said. The plant, located in the central province of Quang Ngai, sold 3.55 million tons of the products to the market during the period. Currently, mounting inventory at the US$3.054 billion refinery is threatening the plant to limit production as local petroleum traders have signed unalterable import contracts earlier and cannot move to use local products at present. (October 8, 2010)