It would not be very difficult for Thai PTT Public Company Limited (PTT) to build a USD27-billion oil refinery plant in Binh Dinh Province, a company official said.
PTT leaders optimistic about the project’s feasibility
PTT Deputy General Director, Sukrit Surabotsopon, made the statement at a press conference about the project, which was held on August 15 in Quy Nhon City.
“We’re really confident in our capacity because PTT has 50-years experience in this field and is among the top 100 biggest companies in the world. We would be working with several prestigious partners so it would not be too difficult for us to build such a major petrochemical/oil refinery plant, if we get approval from the Vietnamese government and support from Binh Dinh provincial authorities,” he noted.
According to him, PTT decided to plan the building of the plant in Nhon Hoi economic zone, as this zone is eligible for the construction and operation of a large petrochemical/oil refinery area.
It also facilitates the future expansion of the plant, in addition to favourable conditions for deep-water port construction and transportation.
Le Huu Loc, Chairman of the provincial government said, “We believe that PTT would be able to succeed with the project as they promise.”
The refinery would cover a 2,000-hectare area in the Nhon Hoi Economic Zone and would have the capacity to produce 660,000 barrels per day.
If the project is approved, construction could start in 2016, with operations beginning in 2020.
When operational, it would be the biggest oil refinery plant in Vietnam.
