Bidding Now Open for Vietnam's Largest, $28 Billion, 30 Million-Ton Refinery Project

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Three bidding packages for Vietnam's largest oil refinery project are being prepared by the state-owned Petroleum Authority of Thailand (PTT) (Bangkok). International bidders will be invited to contribute to the construction of the project.

The bidding results are expected to be announced in the first half of August by the government of the Binh Dinh province and the PTT. The project is located in the Nhon Hoi economic zone and will have an estimated cost of $27 billion to $28 billion. The designed processing capacity of the refinery is 30 million tons of oil annually.

PTT will announce the winner of each of the three packages for finance, markets and technology. Local consultancy companies will be invited for environmental work. Following a six- to nine-month feasibility study on the project, a report will be sent to the appropriate ministries and the prime minister for consideration and a final decision.

Construction on the refinery project is expected to begin in 2016 and is scheduled to be commercially operational by mid-2020. The crude oil feed will be imported from the Middle East and South America for the plant, which will produce about 20 products for export.

For related information, see February 25, 2013, article - New Plan for Vietnam's Vung Ro Refinery Emerges.

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