Overseas petroleum business continues to flourish. In 2009, petroleum business overseas reached 1.53 million tons of oil, equal to 139% of the year plan, increasing 30% over 2008.
I. Operating Projects:
1. Dung Quat Oil Refinery
+ Production line: oil refinery
+ Location: Dung Quat economic zone, in Binh Son district, Quang Ngai province.
+ Capacity: 6.5 million tons of material crude oil/year.
+ Construction date: September 2001
+ Operational date: 22nd February 2009
+ Run by Dung Quat Oil Refinery Project Management Board and Binh Son Refinery and Petrochemical Ltd.
+ Materials: Initial stage: 100% Vietnam crude oil (from Bach Ho field). Later stage: Vietnam/Middle East crude oil (proportion: 85%: 15%)
+ Products: LPG, non-lead gasoline, kerosene/jet fuel, diesel, furnace oil, Propylene, and sulphur.
+ Investment capital: about US $3 billion.
2. Condensate Processing Plant
+ Production line: oil refinery
+ Location: Phu My Industrial Park, Tan Thanh district, Ba Ria – Vung Tau province.
+ Capacity: 270,000 tons of gasoline/year
+ Operational date: October 2001
+ Run by Petrovietnam Oil Corporation (PVOil)
+ Material: domestic condensate
+ Products: gasoline and some other sub-products
+ Investment capital: US $17 million.
3. DOP Plant in Dong Nai province
+ Production line: Petrochemicals
+ Location: Go Dau Industrial Park, Long Thanh district, Dong Nai province.
+ Capacity: 30,000 tons DOP/year
+ Operational date: October/1997
+ Management company: LG-VINA Chemical Joint Venture Company (Petrovietnam15%, Vinachem 35%, LG 50%)
+ Materials: Imported Phthalic anhydride (PA) and 2-Ethyl-1-Hexanol (2-EH)
+ Products: DOP plastic
+ Investment capital: US $12.5 million.
II. On-going projects:
1. Dung Quat Polypropylene project
+ Production line: Petrochemicals
+ Location: Dung Quat Economic Zone, Binh Son district, Quang Ngai province
+ Capacity: 150,000 tons of Polypropylene/year
+ Construction date: December 2007
+ Expected operation: May 2010
+ Run by Dung Quat Refinery Project Management Board and Binh Son Refinery and Petrochemicals Ltd.
+ Materials: Propylene of Dung Quat Oil Refinery
+ Products: Polypropylene
+ Investment capital: about US $234 million.
2. Nghi Son Petrochemicals Complex
+ Production line: Petrochemicals
+ Location: Nghi Son Economic Zone, Tinh Gia district, Thanh Hoa province
+ Capacity: 8.4 million tons of material crude oil/year
+ Expected operation: 2013
+ Management Company: Nghi Son Oil Refinery and Petrochemicals Ltd. Company (PVN 25.1%, KPI 35.1%, IKC 35.1%, MCI 4.7%)
+ Materials: imported crude oil from Kuwait or equivalent oil
+ Products: LPG, non-lead gasoline, kerosene/jet fuel, diesel, furnace oil, Polypropylene, Benzene, Paraxylene, and sulphur.
+ Investment capital: about 6.2 billion USD.
3. Dinh Vu Polyester Fibre Project
+ Production line: Petrochemicals
+ Location: Dinh Vu industrial park, Hai Phong city
+ Capacity: 170,000 tons of polyester fibre/year
+ Expected operation 2011
+ Management Company: PVTex Joint Stock Company (Petrovietnam 75%, Vinatex: 25%)
+ Materials: imported Terephthalic acid (PTA) and Ethylene Glycol (MEG)
+ Products: polyester fibre
+ Investment capital: about US $325 million.
4. Bio-fuel Project in Phu Tho
+ Production line: bio-fuel
+ Location: Tam Nong district, Phu Tho province
+ Capacity: about 100 million liters of ethanol/year
+ Expected operation: 2011
+ Management Company: Petrovietnam Petrochemical & Bio-fuel Joint Stock Company (subsidiary Petrovietnam Oil Corporation)
+ Materials: Sliced cassava/sugar cane
+ Products: material ethanol
+ Investment capital: about US $80 million.
5. Bio-fuel Project in the south
+ Production line: Bio-fuel
+ Location: in Binh Phuoc province
+ Capacity: About 100 million liters of material ethanol/year
+ Expected operation: 2012
+ Management Company: Joint Venture (Petrovietnam Oil, OBF, ITOCHU- Japan and LICOGI 16)
+ Materials: Sliced cassava
+ Products: Material Ethanol
+ Investment capital: about US $80 million.
6. Bio-fuel Plant in Quang Ngai
+ Production line: Bio-fuel
+ Location: Dung Quat Economic Zone, Quang Ngai province
+ Capacity: about 100 million liters of material ethanol/year
+ Expected operation: 2011
+ Management Company: Central Region Bio-fuel Joint Stock Company (invested by Petrovietnam subsidiaries of BSR, Petrosetco and PVFC.)
+ Materials: Slice cassava
+ Products: Material Etanol
+ Investment capital: about US $80 million.