Vietnam’s First Refinery Readies to Process Domestic Crude

Vietnam’s first oil refinery will use 4 million metric tons of crude from Bach Ho field during a one- year test-run, Vietnam News Agency reported, citing state- controlled Vietnam Oil & Gas Group.

Dung Quat refinery, scheduled to start up by February, will produce 3.4 million tons of petroleum products initially and 5.7 million tons by 2010, the report said today. The plant will need about 6.5 million tons of crude annually.

Bach Ho, the country’s biggest oil field, has been operated by Vietnam Oil & Gas and Russia’s OAO Zarubezhneft for more than two decades. The field produced 4.02 million tons of crude between January and July, according to the joint venture.

By Nguyen Dieu Tu Uyen
Bloomberg

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