Hai Phong: work on oil refinery construction progresses

09/11/2007 -- 4:24 PM

Hai Phong (VNA) – The Hai Phong Paper Joint Stock Company (HAPACO) and its German partner, Evagor Company, will start the construction of a 1-million-tonne-per-year oil refinery in 2008 as preparatory work has completed. The 150 million USD project will be built in Dinh Vu Industrial Zone. The foreign partner will be responsible for 85 percent (128 million USD) of the project investment capital as well as designing consultancy, equipment supply, technology transfer and project operation in the first phase. HAPACO will contribute the remaining 22 million USD. The project is expected to put into operation by 2010. When completed, it will be the first oil refinery in the northern coastal area.-Enditem
Send this page	Print

Binh Dinh: Nearly 1.8 trillion VND for power plants (09/11/2007)

VN-Index, HaSTC-Index slide (09/11/2007)

Viet Nam to host regional number-bar code forum (09/11/2007)

Olympus to open digital camera plant (09/11/2007)

German investor interest on the rise (09/11/2007)

Seminar positive on retail market (09/11/2007)

Sumitomo Corporation Viet Nam inaugurated (08/11/2007)

Viet Nam is one of ANZ’s core markets in Asia (08/11/2007)

PetroVietnam opens rep. office in Vientiane (08/11/2007)

Vice President welcomes Germany’s investors (08/11/2007)