Completion of the detailed feasibility study of petrochemical refinery project in Vietnam

abarrelfullabarrelfull wrote on 09 Sep 2014 05:34
Tags: asia ptt refinery vietnam

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Reference is made to the notification to the Stock Exchange of Thailand on May 15, 2013, in relation to the Detailed Feasibility Study (“DFS”) of the fully integrated refinery and petrochemical complex in Vietnam, which PTT has got an approval by the Government of Vietnam to conduct a DFS on May 31, 2013.

PTT would like to inform that the DFS, which includes the details study in commercial, technical, financial, social and environmental impact, as well as strategies and partner selection, was completed and officially submitted to Vietnam’s Ministry of Industry and Trade and the government of Vietnam on September 8, 2014.

From the DFS, the optimum crude processing capacity is 400,000 barrels per day, producing 260,000 barrels per day of refined petroleum products and 5 million tons of petrochemical products annually. This project will require an estimated capital investment of around USD 22 Billion

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