VietNamNet Bridge – An overall $25 million maintenance for the Dung Quat Oil Refinery in central Vietnam will begin in two months starting July 15, which is expected to incur an additional loss of US$1 million per day in terms of lost revenues.


Dung Quat Oil Refinery in the central province of Quang Ngai. (Photo: Dan Tri)
This will be the first maintenance phase since the plant began commercial operation in February 2009 in the central province of Quang Ngai.


Yesterday at the Dung Quat Economic Area, Binh Son Petrochemical Refinery Company, which operates and manages the oil refinery, launched a campaign among its staff to complete the maintenance within 62 days.

The plant has produced more than 10 million tons of products since February 2009, earning a total revenue of over VND160,000 billion ($7.8 billion), Binh Son said.

One Vietnamese and four foreign contractors, including 3 from South Korea and 1 from Singapore, will carry out the master maintenance, which will cost about $25 million, the company said.

Dung Quat Oil Refinery, the first of its kind in Vietnam, has been developed by the Vietnam Oil and Gas Group with a total investment of more than $3 billion.

As a major national project, the plant is capable of turning out 6.5 million tons of products per year, meeting 30 percent of the national demand for oil and petrol.


VietNamNet/Tuoi Tre