PetroVietnam seeks partners to for Dung Quat refinery expansion

The state-run oil and gas group (PetroVietnam) is looking for partners to expand the refining capacity of the Dung Quat oil refinery in the central province of Quang Ngai to 10 million tons of crude oil a year, from the projected 6.5 million tons in 2011. Total investment is estimated to be in the billions of dollars. I The group seeks to sell a 49% stake in the refinery to strategic partners who have proven experience in the refinery sector and who can supply crude oil for the plant. Dung Quat became operational in February. (August 12, 2009)