The People’s Committee of Can Tho City has just agreed with the JS Vien Dong Investment and Trading Company and the China National Overseas Engineering Corporation to build an oil refinery in the Mekong Delta City of Can Tho.
|An oil refinery will be built in Can Tho City|
The US$360-million plant will cover an area of 300 hectares in the Hung Phu II Industrial Park and will refine two million tons of crude oil per annum.
Construction of the oil refinery is scheduled to start at the end of the year and is due to be put into operation in 2013.
The project will open up 2,000 new jobs for the local people.
Project investors plan to buy crude oil from the Petro Viet Nam Trading Company (Petechim) of the Viet Nam Oil and Gas Corporation (PertroVietnam) for refining before selling on their produce to PetroMekong in Can Tho for distribution in the Mekong Delta provinces or for onward sale to Petechim.