Petrolimex to invest over $4 bln in oil refinery

The Vietnam National Petroleum Corporation (Petrolimex) plans to invest between $4.4-4.8 billion in building an oil refinery complex in the central province of Khanh Hoa.
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Sitting on an area of 305 ha in the Van Phong Economic Zone, the complex is capable of processing 10 tonnes of material per year.

It is expected go on stream by the end of 2013 when it will supply a range of products, including LPG, high-octane unleaded gasoline, kerosene, diesel, polypropylene, and benzene.

Source VIR/VNA