A project to upgrade and expand the Dung Quat Oil Refinery in Quang Ngai Province, central Vietnam will carry a price tag of some VND31.2 trillion, or US$1.3 billion, according to a decision signed by Deputy Prime Minister Tran Hong Ha.
The capacity of the oil refinery, operated by Binh Son Refining and Petrochemical JSC, will increase to 171,000 barrels per day from the current 148,000 barrels after the expansion.
The expansion project is expected to contribute to boosting the socio-economic development of the country, especially the central region.
Dung Quat Oil Refinery, after being expanded, will have five more auxiliary and peripheral workshops with newly patented technology, namely a workshop for processing gasoline with hydrogen, another for processing diesel with hydrogen, an alkylation workshop, a hydrogen production workshop, and a sulfur recovery workshop.
Two workshops with non-patented technology will be also included: a sour water treatment workshop and an amine regeneration unit.
The project is planned to be conducted within 37 months and put into operation in the first quarter of 2028.
Dung Quat Oil Refinery, the first of its kind in Vietnam, currently supplies 35 percent of fuel products in the country.
The refinery contributed some VND19 trillion ($810.4 million) to the state coffers last year.
The figure is expected to increase by nearly VND1.4 trillion ($59.7 million) per year after the refinery is upgraded and expanded, Tien Phong (Vanguard) newspaper cited the Ministry of Planning and Investment.
(Tuoi Tre News)