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6 July 2009

Vietnam refinery starts local LPG sales

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Vietnam’s first refinery shipped on Sunday two 3,200-cubic-meter batches of LPG from to PetroVietam Gas Company for sale on the domestic market, with another 3,600 cubic meters to follow Monday, reported a local news website.

The reported that the Binh Son Refining and Petrochemical Company, in the central province of Quang Ngai, will begin selling the first 5,000-7,000 cubic meters of A92 gasoline from the refinery on Thursday and Friday, and will export propylene from the refinery to Japan.

Binh Son, a PetroVietnam unit in charge of managing the refinery, said the Dung Quat Plant would begin running at full capacity on August 25.

This year, the refinery expects an output of 2.6 million tons. Its main products include LPG, unleaded gasoline, kerosene/jet fuel, feedstock for propylene plants, diesel (industrial and auto) and other petrochemicals like naphtha.

The $2.5 billion refinery with an annual capacity of 6.5 million tons, will meet 30 percent of domestic demand, contributing to the nation’s energy security by gradually reducing dependence on gasoline and oil imports.




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