Dung Quat oil refinery

Update news Dung Quat oil refinery

Dung Quat to be expanded but capital sources unknown

The Ministry of Planning and Investment (MPI) has reported to the Prime Ministser about its appraisal on expanding and upgrading the Dung Quat Oil Refinery.

PetroVietnam, BSR seek foreign capital for Dung Quat

A delegation of officers from PetroVietnam and Binh Son Oil Refining and Petrochemical JSC has attended a thematic seminar on export funding – TXF Asia 2022 – in Singapore.

BSR to expand Dung Quat Oil Refinery

The Ministry of Industry and Trade (MOIT) has asked Binh Son Refining and Petrochemical JSC (BSR) to clarify some issues related to its project on expanding Dung Quat Oil Refinery.

Quang Ngai proposes solutions to Dung Quat refinery difficulties

The government of Quang Ngai Province has written to the Government and ministries proposing not applying a regulatory charge of 7% to Dung Quat Oil Refinery and approving the refinery expansion project, 

Dung Quat oil refinery not very attractive to investors

VietNamNet Bridge - The shares of oil and gas companies have seen a price decrease of 49 percent by November compared with the same period last year, the sharpest so far.

Oil refinery projects no longer attractive to investors

VietNamNet Bridge - Some years ago, investors flocked to Vietnam to register petrochemistry and oil refinery projects, which raised concerns about oversupply. But things are quite different now.

Dung Quat Oil Refinery seeks help to resolve inventory excess

The inventory at the Dung Quat Oil Refinery has risen to such a level that it may go beyond the refinery’s maximum storage capacity, a source from the national oil and gas group PetroVietnam has said.

Gazprom Neft yet to buy into oil refining firm

VietNamNet Bridge – Vietnam National Oil and Gas Group and Gazprom Neft have not reached agreement on the latter’s acquisition of a 49% stake at Binh Son Refining and Petrochemical Co. Ltd,

Dung Quat Oil Refinery receives huge incentives, makes tiny profits

VietNamNet Bridge - In 2010-2014, the preferential import tariff helped Dung Quat Oil Refinery escape from a VND27.6 trillion loss, according to PetroVietnam.

The story behind the Dung Quat Oil Refinery

VietNamNet Bridge - The Dung Quat Oil Refinery has shouted for help, saying it will not be able to sell its products and might have to shut down because of the new import tax policy in 2015. Will it be rescued?

NA wants efficient airport project

 VietNamNet Bridge – Many National Assembly deputies yesterday agreed with the need to build a new modern but costly international airport, but said careful study was needed to ensure both economic and social efficiency of the project.

BUSINESS IN BRIEF 26/8

August CPI growth hits 9-year low; PetroVietnam becomes largest Ha Noi stock; Thai investor buys Vinamilk shares; Foreign accounts rise in first seven months; Local company joins South East Asia’s largest law firm

Dung Quat Oil Refinery eyes $2bil for expansion

 VietNamNet Bridge – The Dung Quat Oil Refinery needs up to US$2 billion to raise its annual processing capacity from its current 6.5 million tonnes to 10 million tonnes in the future.

PetroVietnam secures oil deal with Russia's Rosneft

 VietNamNet Bridge – Russian firm Rosneft will provide six million tonnes of oil annually via the Kozmino terminal during the 2014-39 period for the Dung Quat Oil Refinery in Viet Nam.

BUSINESS IN BRIEF 17/4

 Vietnam in global top 10 for foreign remittances; Vietnam wins rice export contract to Philippines; Switzerland backs Vietnam business reforms; Dung Quat Oil Refinery sets new safety record

Tests clear refinery of pollution claims

 VietNamNet Bridge – Wastewater and gas discharged from the Dung Quat Oil Refinery in the central province of Quang Ngai did not cause environmental pollution,

Dung Quat Oil Refinery denounced for pollution

 VietNamNet Bridge – Local people in Quang Ngai province have complained that gas from the Dung Quat Oil Refinery is polluting their air. But the refinery’s managers deny this.