Dung Quat oil refinery targets 6.5 million tonnes of products

January 07, 2013 | 08:37

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The Dung Quat oil refinery plans to produce 6.5 million tonnes, a quantity that would earn VND120 trillion and contribute VND16.8 trillion to the 2013 State budget.

This is the highest production goal set by the refinery since it officially entered operation in early 2009.

Dinh Van Ngoc, Director General of the Binh Son Refining and Petrochemical Company—the umbrella entity of the Dung Quat refinery—said his company has significantly contributed to Quang Ngai province’s budget revenue and ensuring social welfare in many of the province’s localities.

By the end of 2012, the company and refinery had contributed more than VND45 trillion to the State Budget, much higher than their total investment capital of VND43 trillion.

Despite encountering many difficulties last year , the Dung Quat oil refinery achieved a production of 5.5 million tonnes—nearly 91 percent of its initial 2012 target—and added over VND15 trillion to the State budget.

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