USD4 billion Vung Ro refinery project launched in Vietnam

The adjusted investment certificate for Vung Ro refinery project in the central province of Phu Yen in Vietnam was handed over to the investor, Vung Ro Petroleum, in Hanoi on Oct. 6.
The event also saw the signing of a front-end engineering design contract and letter of intent to award EPC works to JGC-Japan between Vung Ro Petroleum and Japan’s JGC Corporation.
At the ceremony, Deputy Prime Minister Hoang Trung Hai said the project was a breakthrough, contributing to the socio-economic development of the South Central Coast.
The Vung Ro oil refinery will be built in Dong Hoa, Phu Yen Province, with a total investment of around USD4 billion.
The plant will produce eight million tons of petroleum products per year.
(October 8, 2013)