First products of Dung Quat refinery hit market today
Thursday, 19/03/2009, 08:29 GMT+7
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The historic first step of Vietnam’s petrochemical industry will be celebrated tonight as the Dung Quat Oil Refinery in the central province of Quang Ngai officially releases its products into the market. |
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The celebration, organized by the Vietnam Oil and Gas Corporation – Petrovietnam – will be aired live on Vietnam Television Station‘s VTV1 channel at 8 p.m.
The US$2.5 billion refinery with an annual capacity of 6.5 million tons, will meet 30 percent of the national demand, contributing to the nation’s energy security by gradually reducing dependence on gasoline and oil imports.
As planned, the oil refinery will begin operating at full capacity in October.
This year, the refinery expects an output of 2.6 million tons. Its main products will include: LPG, unleaded gasoline, kerosene/jet fuel, feedstock for propylene plants, diesel (industrial and auto) and other petrochemicals like naphtha.
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