Vung Ro oil refinery project to get off ground soon

U.K.-based Technostar Management Ltd. and Russian Telloil will commence work on the US$1.7 billion refinery after a resettlement area for families living on the site was completed in May, said Le Kim Anh, vice chairman of the provincial People’s Committee. Vung Ro oil refinery is expected to produce eight million tons of oil products per year. Its main products will include liquefied petroleum gas, gasoline, diesel oil, benzene and polypropylene. The project will cover 200 hectares of land in Hoa Tam and Hoa Xuan Nam communes near the Vung Ro Port, in Dong Hoa District. Half the area will be taken up by the refinery, 35 hectares by an oil products transportation port and the remaining area for supporting facilities. (April 21, 2010)