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PTT advances VN refinery bid

Petrochemicals will also be part of complex

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With PTT Plc's businesses facing a major restructuring prescribed by the junta, the national energy flagship will submit a US$20-billion oil refinery and petrochemical project proposal to the Vietnamese government in two weeks. 

Senior executive vice-president Atikom Terbsiri said the proposal showed PTT holding a 40% stake in the complex if it won, the Vietnamese government 20% and other partners 40%.

The complex will refine imported crude and manufacture comprehensive petrochemical products, he said.

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