PetroVietnam Affiliate to Build Gas Station for Dung Quat Oil Refinery

PetroVietnam Southern Gas (PVG) has decided to build a compressed natural gas (CNG) and liquefied petroleum gas (LPG) station for Vietnam’s first oil refinery, Dung Quat. PVG will invest VND98 billion ($5.798 million) in the project, including a VND68.6 billion subsidized loan. CNG and LPG are cheaper than gasoline and are environmentally friendly. The $3.1-billion plant will produce an additional 144,400 cubic meters of petroleum products to serve domestic markets in June. This year, the refinery plans to refine 4.162 million tons of crude oil to turn out 57 million tons of Propylene, 157 tons of liquefied petroleum gas (LPG), 102 tons of gasoline A90, 897 tons of gasoline A92, 218 tons of JetA1/Korosene, 1.606 million tons of diesel, and 171 tons of fuel oil (FO). (June 15, 2009)