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Petrolimex, Daelim in talks over $4.8bln Vietnam refinery

Posted on : 25 Jan, 2012

 

South Korea’s Daelim Industrial Company has signed a MOU with Vietnam’s Petrolimex to build a multi-billion dollar mega oil refinery and petrochemical project with total production capacity of 10 million tonnes per year starting construction by 2014-2015. The refinery is anticipated to be built in the central province of Khanh Hoa and is set to be one of the largest oil refinery and petrochemical projects in Vietnam. This investment could make South Koreas Daelim the first foreign investor in the project worth up to $4.8 billion.

 

Vietnam’s E & P scene is one of the most developed in South East Asia showing promising potentials. As indicated, there is a need for future investments in both upstream and downstream production in order to tap the country’s resources effectively. To elucidate this further, CMT’s 14th VOGP 2012 to be held on 27-28 Feb, 2012 in HCM City will reflect on opportunities in Vietnam’s upstream and downstream sectors.

 

The 1.5 day meet is already attracting participation from key oil & gas industry executives, as well as professionals from Oil & Gas & Petrochemical Companies, Government Officials, Energy Consultants, Additives and Catalyst Companies, Project Financiers, Storage & Terminal and EPC Companies.

 

Those keen to participate and join representatives of the oil, gas & power value chain from countries around the world may Click here to register online. For complete program agenda visit official event website at http://www.cmtevents.com/eventschedule.aspx?ev=120209& or email huiyan@cmtsp.com.sg

 

Source: Reuters