Vietnam aims to have four oil refineries fully operational by 2030 capable of processing 16-20 million tonnes of crude oil per annum by 2020. The Ministry of Planning and Investment made the announcement at a recent meeting, discussing the orientations of the oil refinery industry and projects for coastal socio-econ
Vietnam aims to have four oil refineries fully operational by 2030 capable of processing 16-20 million tonnes of crude oil per annum by 2020.
The Ministry of Planning and Investment made the announcement at a recent meeting, discussing the orientations of the oil refinery industry and projects for coastal socio-economic development along with adaptation to climate change.
The project is expected to incrementally increase the capacity of the Nghi Son Oil Refinery and Petrochemical Complex to 10 million tones per year in the 2013-2020 period.
Dung Quat Oil refinery's capacity will be increased from its current annual 6.6 million tones to 10 million tones while three Ethanol plants will gradually step up production to 300 million liters per year.
Plans for the 2021-2030 period for the Long Son and Vung Ro oil refineries will further elevate capacity to 10 million tones and 8 million tones per year respectively, bringing total capacity to 38 million tones per year.