Vietnam signs $9-billion oil refinery deal | Bangkok Post: news

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Vietnam signs $9-billion oil refinery deal

Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9 billion as part of efforts to meet its growing energy needs.

A oil worker attends the inauguration ceremony of Vietnams first oil refinery Dung Quat on February 22, 2009 in the central province of Quang Ngai. Vietnam has signed a deal with firms from Japan and Kuwait to build another oil refinery complex worth nearly $9 billion.

The Nghi Son refinery, which is due to start operating by 2017 in Thanh Hoa province, about 200 kilometres (125 miles) south of Hanoi, will turn Kuwaiti oil into petrol and other petroleum products.

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