Thailand's national oil and gas company PTT has rescheduled the feasibility study report for the 660,000 bbl/d (33 Mt/year) Nhon Hoi Petrochemical Complex project in Binh Dinh (Vietnam). PTT (51% owned by the Ministry of Finance of Thailand) requires permission for state-related projects from the new government. Once PTT gets approval from Thailand, the group will report on the project feasibility and will submit the project to the Prime Minister of Vietnam (July 2014). Construction of the refinery is expected to start in 2016 with commissioning in 2019. Half of the production will be sold on the local market and the other half will be shipped to Thailand.
Vietnam currently has a sole refinery, the 130,000 bbl/d Dung Quat refinery in Quang Ngai, that was commissioned in 2009-2010. PetroVietnam is considering raising its capacity to 200,000 bbl/d and has various refinery projects in the country, including the 200,000 bbl/d Long Son refinery in Vung Tau.
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