|
|
Article: Vietnam: Venezuela Drops Plan To Invest In Vietnam Oil Refinery.
- Article from:
- TendersInfo
- Article date:
- October 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Venezuela's state oil company PDVSA has canceled plans to invest in Vietnam's proposed third oil refinery with a capacity of 200,000 barrels a day due to technical and financial reasons, a PetroVietnam official said Thursday.
PDVSA and PetroVietnam agreed in 2006 to build the Long Son refinery, located in the southern province of Ba Ria Vung Tau, 100 kilometers east of Ho Chi Minh City, said the official with PetroVietnam's headquarters in Hanoi.
"Initially PDVSA wanted to be involved in the whole process - from supplying crude oil, to financing the transportation and building the refinery - with a total investment capital ranging from $6 billion to $7 ...