Petroleum / Mining in Vietnam
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LAOS, 2013/10/10
Construction of a joint US$450 million Viet Nam–Laos project to process salt in Khammouan Province in Laos will start next month, according to the Viet Nam Chemical Group (Vinachem).
The Vinachem-backed project, signed in February last year with the Lao Planning and Investment Ministry, is its initial in the field.
Vinachem will exploit salt across an area of 10sq.km for 20 years and as well build a factory to process 320,000 tonnes a year.
The Lao Government granted the group 196.5sq.km of land to survey for possible salt mines.
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VIETNAM, 2013/02/11
Vietnam on Sunday inked a transaction with firms from Japan and Kuwait to build an oil refinery complex worth nearly US$9 billion as part of efforts to meet its growing energy needs.
The Nghi Son refinery, which is due to start operating by 2017 in Thanh Hoa province, about 200 kilometers (125 miles) south of Hanoi, will turn Kuwaiti oil into petrol and other petroleum products.
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VIETNAM, 2013/01/02
National-backed PetroVietnam revealed Thursday that it aims to produce 16 million metric tonnes of crude oil (112 million barrels of crude oil equivalent) and 9.2 billion cubic meters of gas in 2013.
In 2012, the company produced 16.7 million tonnes of crude; 5.6 % than its initial target and 9.8 % additional than in 2011.
PetroVietnam as well disclosed that it produced 9.3 billion cubic meters of gas in 2012, 3.3 % additional than in its target and up 6.9 % from 2011.
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VIETNAM, 2011/01/06
Although there are as from presently on no definite plans for ethylene capacity in Vietnam, BMI is confident that 2011 should see new petrochemicals project announcements that will include world-scale cracker capacity, according to its new Vietnam Petrochemicals Annual Statement.
