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Dung Quat oil refinery needs USD2-3 billion to expansion

To 2019 from now, Dung Quat oil refinery, locates in Quang Ngai province, will be upgraded to expand the production from 6.5 million tonnes to 10 million tonnes of fuel. To carry out the expansion plant may require a sum of money of USD2-3 billion, mainly from sale of shares.

Currently, Binh Son petrochemical refinery company, the owner of Dung Quat oil refinery, is trying to seek partners from countries include Venezuela, South Korea and Japan to sell shares in order to raise money for expansion.

Mr Nguyen Hoang Giang- General director of Binh Son petrochemical refinery company said the core fator to help expanding the plan is capital. However, we now only raise capital from selling share.

Xangdau.net