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Vietnam proposes to build national oil refinery center

Authorities in the central province of Quang Ngai have proposed to Vietnams Prime Minister Nguyen Tan Dung to allow construction of a national oil refinery and petrochemical center at the Dung Quat Economic Zone. Vietnam has only one oil refinery so far, Dung Quat, which is running at full capacity. It has refined more than five million tons of crude oil into 4.2 million tons of products since it began operations on February 22, 2009, the Thanh Nien online newspaper reported. Vietnam plans to put into operation between five and six oil refineries with a combined capacity of 30 million tons of crude oil a year by 2015, to meet the country’s rising demand for petroleum products which is forecast to reach between 22 million and 25 million metric tons. (August 4, 2010)