08/02/2015

www.gupta-verlag.de/rubber

VIETNAM: Hanoi prioritizes refinery, PC project to be built by PTT and Saudi Aramco

The project, to be built in Binh Dinh province, includes a 400,000-b/d refinery and the production of about 5-million t/y of olefins and aromatics. The provincial government recently approved the project's feasibility study. Among the benefits to be granted to the venture are tax-free status during the first four years and a 50% reduction in taxes over the following nine years. The project will also be exempt from land lease taxes as well as taxes on imported crude oil and machinery and equipment not produced in Vietnam. Source: Weekly "PetroChemical News", Durham, NC, USA; 2 Feb 2015
(Syed Rashid Ali, Karachi, Pakistan)

www.gupta-verlag.de/rubber