Petro Vietnam, oil and gas group owned by state, is in the negociation with foreign parners to sell 49% of stakes in its Dung Quat oil refinery.
As reported by Dow Jones Newswire news agency, this news has been confirmed by Mr Nguyen Hoang Giang - General Director of Dung Quat oil refinery in march 9th. However, Mr Giang said relevant parties have not yet reached the final deal on value.
A closest source told Dow Jones Newswire that, there are three partners taking part in the negociation include Petróleos de Venezuela SA from Venezuela, one from Japan and one from Korea. They are expected to buy 49% of stakes of oil refinery.
PetroVietnam will use the sum up money from the sales to expand the capacity of Dung Quat oil refinery to 10 million tonnes from 6.5 million tonnes as current time.
Closest source added the outline of viable expansion is expected to complete in late this month and the selling of stakes may take place then.
In last month, Mr Giang claimed that the expansion plan may cost about USD1.5-2 billion and could finish in 5-6 years later.
xangdau.net
