FACTBOX-Vietnam refineries, petrochemical, gas projects

Mon Apr 7, 2008 12:37am EDT

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  April 7 (Reuters) - Vietnam on Monday is taking another
step closer to becoming oil product self-sufficient, as it
secures a $6 billion joint venture contract for its second
refinery with a capacity of 200,000 barrels per day (bpd).

 The Nghi Son refining and petrochemical complex in Thanh
Hoa province, about 200 km (124 miles) south of the capital
Hanoi, is expected to go onstream in five years, said oil
monopoly Petrovietnam which hold a 25.1 percent stake in the
plant.

 For story, click on [ID:nHAN203524]

 The project, in which Japanese refiner Idemitsu Kosan Co
(5019.T) and Kuwait Petroleum International each holds a 35.1
percent stake, is the country's first foreign investment in oil
refining sector, Petrovietnam officials said.

 The following is a selection of major refineries and
petrochemical projects under planning in the Southeast Asian
country: INVESTORS           PROJECT                      
INVESTMENT  
 DATE OF COMPLETION OIL REFINERY/PETROCHEMICAL Petrovietnam    
 140,000 bpd-Dung Quat Refinery    $2.5 bln   2009
Petrovietnam/KPI /Idemitsu/Mitsui*  200,000 bpd-Nghi Son
refinery    $6.00 bln 
 2013 Petrovietnam/PVDSA*   Long Son refinery             $7.00
bln 
 2015 Technostar Management/Telloil Vung Ro refinery      $1.70
bln 
 2011 Siam Cement     Long Son petrochemical complex      $3.70
bln 
 2013 SP Chemicals SINP.SI   Phu Yen naphtha cracker    $1.50
bln 
 2014 Petrosetco/Itochu        Ethanol plant              $100
mln  
 2009 Petrosetco/Bronzeoak     Ethanol plant              $138
mln  
  n/a BP/ConocoPhilips/ONGC Videsh  Gas pipeline          $1.3
bln  
 2002 Chevron      Gas pipeline Block B, 48/95,52/97      $4.3
bln  
  n/a
 * State oil firm Petrovietnam has yet to finalise the joint
venture. (Compiled by Nguyen Nhat Lam; Editing by Ramthan
Hussain) ((nhatlam.nguyen@reuters.com ; +844 825 96 23; Reuters
Messaging: nhatlam.nguyen.reuters.com@reuters.net))