reviewed their work concerning the first oil refinery in Dung Quat and
other projects, and developed plans and timelines for their completion.
The National Oil and Gas Group was assigned to take measures to
effectively manage and operate the 3 billion USD Dung Quat Oil Refinery.
The ministries of Construction and Finance were asked to help with
measures to quickly reach a balanced budget. The committee asked
provincial authorities in Quang Ngai to focus on management support for
resettlement and compensation.
The Dung Quat
refinery has a designed capacity of 6.5 million tonnes of crude oil
annually, or more than 140,000 barrels per day. Capacity is expected to
expand to 10 million tonnes per year by 2013-14.
The refinery project began in the 1980s and came into operation in early
2009. As of last month, the refinery is operating at its full
designated capacity. More than 5.7 million tonnes of crude oil have been
imported for the refinery to produce 4.98 million tonnes of
high-quality products.
However, investors and
contractors still had to work to fix technical problems and strike a
balanced budget, said Deputy Prime Minister Hoang Trung Hai, who chaired
the meeting.
The meeting also discussed measures
to complete the investment mechanism for the Nghi Son Petrochemical
Refinery in Tinh Gia District, in the central province of Thanh Hoa. The
procedures for ground clearance and infrastructure construction are
also being sped up for the project.
Construction of
Nghi Son Refinery, Vietnam's second planned refinery, is expected to
start this year and become operational by 2013. More than 90 percent of
the required area for the 6 billion USD project have been cleared.
Authorised bodies are conducting the necessary negotiations and
evaluating the project's environmental impact report.
The refinery has a designed capacity of 10 million tonnes of crude oil
per year with possibility to expand to 20 million tonnes.
Preparation activities for initial investment in the Southern
Petrochemical Refinery complex, the third of its kind in the country,
were also discussed yesterday. The national steering committee asked
relevant bodies to boost their management of completed projects and to
review completion plans for others./.
