Project Loans Allow Vietnam to Move Ahead With 310,000 bpd Refinery Capacity

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Project Loans Allow Vietnam to Move Ahead With 310,000 bpd Refinery Capacity

By: Marketwire .

Mar. 9, 2007 11:01 AM

JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- 03/09/07 -- Researched by Industrial Info Resources (Sugar Land, Texas). Although Vietnam produces 350,000 barrels per day (bpd) of crude oil, it has no significant refining capacity and imports a high percentage of oil-based products for local market consumption, which currently stands at about 12 million tons of oil and petrol products per annum and is estimated to increase to 20 million tons by 2010 driven by the country's increasing industrial clout and the rising expectations of the population.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=110484, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Joe Govreau
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Published Mar. 9, 2007
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