Prime Minister Nguyen Tan Dung has asked contractors to speed up the construction of three major projects: Dung Quat oil refinery, Ca Mau gas – electricity- fertiliser project and the Nghi Son oil refinery and petrochemical complex project.
Construction of the Dung Quat oil refinery was kicked off in the in central Dung Quat Industrial ZoneQuang Ngai province, in June 2005, seven years later than the target date stipulated by a National Assembly resolution in 1997.
Head of the project’s management board Truong Van Tuyen, who is also Deputy General Director of the Viet Nam Oil and Gas Corporation (PetroVietnam), said that both local and foreign contractors are exerting efforts to put the plant into operation in February 2009.
The 2.5 billion USD Dung Quat oil refinery will be capable of processing 6.5 million tonnes of crude oil per year and refining 33 percent of the country’s entire demand for petrol and oil. Its products will include protylen, liquefied petroleum gas (LPG), lead-free petrol, diesel oil and fuel oil.
Construction of the Ca Mau gas-electricity-fertiliser complex in U Minh district, 15km from Ca Mau City, started in early March 2001 at a cost of more than 1.2 billion USD.
According to the project’s sole investor PetroVietnam, the 200ha complex will include three main projects including a heavy duty gas pipeline, a power plant and a nitrogenous fertiliser factory.
The complex, which will fire natural gas to generate power, will have a combined capacity of 1,500MW and will produce 10 billion kWh annually, said PetroVietnam.
The Nghi Son oil refinery and petrochemical project is being built on 325 ha of land in Tinh Gia district, the central province of Thanh Hoa and will cost close to 2.5 billion USD to complete.
The project has been split into two phases. The first stage includes the construction of an oil refinery with an annual capacity of 7 million tonnes of crude oil, a polypropylene plant with an annual manufacturing capacity of between 150,000-350,000 tonnes and a polyester fibres plant that is expected to pump out 260,000 tonnes a year.
The complex is expected to be operational by 2011.
