HANOI -- PetroVietnam Power, a unit of state-run Vietnam Oil and Gas Group, has announced plans to build an oil refinery and petrochemical complex in the country. The total investment is expected to be up to $18.5 billion.
Materials
PetroVietnam plans to build oil refinery complex for $18.5 billion
Locating in south solves transport woes, but oversupply could be an issue
PetroVietnam operates the Dung Quat refinery in the northern part of Vietnam. The country currently has no refinery in the south near Ho Chi Minh City, which accounts for 45 percent of domestic demand. © VNA
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