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Oil Refinery and Petrochemicals

According to the development strategy of Petrovietnam to 2015 and the orientation to 2025, by 2015 Petrovietnam will put into operation Dung Quat Refinery, Nghi Son Refinery and Petrochemical Complex and a refinery in the south.
Together with the refineries, Petrovietnam has operated Phu My Fertilizer Plant, DOP plant and a condensate processing plant. Petrovietnam is also carrying out petrochemical projects such Ca Mau Fertilizer Plant, the South Petrochemical Complex and Dinh Vu Polyester Plant.



Overseas petroleum business continues to flourish. In 2009, petroleum business overseas reached 1.53 million tons of oil, equal to 139% of the year plan, increasing 30% over 2008.

I. Operation projects:

1. Dung Quat Oil Refinery

  + Production line: oil refinery
  + Location: Dung Quat economic zone, in Binh Son district, Quang Ngai province.
  + Capacity: 6.5 million tons of material crude oil/year.
  + Construction date: September 2001
  + Operational date: 22nd February 2009
  + Run by Dung Quat Oil Refinery Project Management Board and Binh Son Refinery and Petrochemical Ltd.
  + Materials: Initial stage: 100% Vietnam crude oil (from Bach Ho field). Later stage: Vietnam/Middle East crude oil (proportion: 85%: 15%)
  + Products: LPG, non-lead gasoline, kerosene/jet fuel, diesel, furnace oil, Propylene, and sulphur.
  + Investment capital: about US billion.

2. Condensate Processing Plant

  + Production line: oil refinery
  + Location: Phu My Industrial Park, Tan Thanh district, Ba Ria – Vung Tau province.
  + Capacity: 270,000 tons of gasoline/year
  + Operational date: October 2001
  + Run by Petrovietnam Oil Corporation (PVOil)
  + Material: domestic condensate
  + Products: gasoline and some other sub-products
  + Investment capital: US million.

3. DOP Plant in Dong Nai province

  + Production line: Petrochemicals
  + Location: Go Dau Industrial Park, Long Thanh district, Dong Nai province.
  + Capacity: 30,000 tons DOP/year
  + Operational date: October/1997
  + Management company: LG-VINA Chemical Joint Venture Company (Petrovietnam15%, Vinachem 35%, LG 50%)
  + Materials: Imported Phthalic anhydride (PA) and 2-Ethyl-1-Hexanol (2-EH)
  + Products: DOP plastic
  + Investment capital: US .5 million.

II. On-going projects:

1. Dung Quat Polypropylene project

  + Production line: Petrochemicals
  + Location: Dung Quat Economic Zone, Binh Son district, Quang Ngai province
  + Capacity: 150,000 tons of Polypropylene/year
  + Construction date: December 2007
  + Expected operation: May 2010
  + Run by Dung Quat Refinery Project Management Board and Binh Son Refinery and Petrochemicals Ltd.
  + Materials: Propylene of Dung Quat Oil Refinery
  + Products: Polypropylene
  + Investment capital: about US 4 million.

2. Nghi Son Petrochemicals Complex

  + Production line: Petrochemicals
  + Location: Nghi Son Economic Zone, Tinh Gia district, Thanh Hoa province
  + Capacity: 8.4 million tons of material crude oil/year
  + Expected operation: 2013
  + Management Company: Nghi Son Oil Refinery and Petrochemicals Ltd. Company (PVN 25.1%, KPI 35.1%, IKC 35.1%, MCI 4.7%)
  + Materials: imported crude oil from Kuwait or equivalent oil
  + Products: LPG, non-lead gasoline, kerosene/jet fuel, diesel, furnace oil, Polypropylene, Benzene, Paraxylene, and sulphur.
  + Investment capital: about 6.2 billion USD.

3. Oil Refinery No.3 Project

  + Production line: Oil Refinery
  + Location: Long Son commune, Vung Tau city, Ba Ria – Vung Tau province
  + Capacity: 10 million tons of crude oil/year
  + Expected operation: 2014
  + Management Company: Oil Refinery No.3 Investment Preparation Board
  + Materials: Imported crude oil from Syncrude Venezuela
  + Products: LPG, non-lead gasoline, kerosene/jet fuel, diesel, petroleum coke and sulphur
  + Investment capital: about US billion.

4. Long Son Petrochemical Complex project

  + Production line: Petrochemicals
  + Location: Long Son commune, Vung Tau city, Ba Ria – Vung Tau province
  + Capacity: 3 million tons of materials/year
  + Expected operation: 2014
  + Management Company: Long Son Petrochemicals Ltd. Company (Petrovietnam18%, Vinachem 11%, VSCG 53% (Thailand), and TPC 18% (Thailand)
  + Materials: Naphtha, LPG, imported Condensate
  + Products: HDPE, LDPE, Polypropylene, soda, VCM and some sub-products
  + Investment capital: about US billion.

5. Dinh Vu Polyester Fibre Project

  + Production line: Petrochemicals
  + Location: Dinh Vu industrial park, Hai Phong city
  + Capacity: 170,000 tons of polyester fibre/year
  + Expected operation 2011
  + Management Company: PVTex Joint Stock Company (Petrovietnam 75%, Vinatex: 25%)
  + Materials: imported Terephthalic acid (PTA) and Ethylene Glycol (MEG)
  + Products: polyester fibre
  + Investment capital: about US 5 million.

6. Bio-fuel Project in Phu Tho

  + Production line: bio-fuel
  + Location: Tam Nong district, Phu Tho province
  + Capacity: about 100 million liters of ethanol/year
  + Expected operation: 2011
  + Management Company: Petrovietnam Petrochemical & Bio-fuel Joint Stock Company (subsidiary Petrovietnam Oil Corporation)
  + Materials: Sliced cassava/sugar cane
  + Products: material ethanol
  + Investment capital: about US million.

7. Bio-fuel Project in the south

  + Production line: Bio-fuel
  + Location: in Binh Phuoc province
  + Capacity: About 100 million liters of material ethanol/year
  + Expected operation: 2012
  + Management Company: Joint Venture (Petrovietnam Oil, OBF, ITOCHU- Japan and LICOGI 16)
  + Materials: Sliced cassava
  + Products: Material Ethanol
  + Investment capital: about US million.

8. Bio-fuel Plant in Quang Ngai


  + Production line: Bio-fuel
  + Location: Dung Quat Economic Zone, Quang Ngai province
  + Capacity: about 100 million liters of material ethanol/year
  + Expected operation: 2011
  + Management Company: Central Region Bio-fuel Joint Stock Company (invested by Petrovietnam subsidiaries of BSR, Petrosetco and PVFC.)
  + Materials: Slice cassava
  + Products: Material Etanol
  + Investment capital: about US million.

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