04/13/2012

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VIETNAM: Work on southern petrochemical project to start shortly

Licensed in July 2008, the Southern Petrochemical Complex is key to the future of Vietnam 's petroleum industry along with the Dung Quat, Nghi Son and Long Son oil refineries.

Deputy PM Hai has instructed the Ministry of Transport, the Ba Ria- Vung Tau People's Committee and PetroVietnam to prepare and approve a ground clearance plan for the project as scheduled.

He has also asked these agencies and the project investor to agree on the amount of funding for construction of resettlement areas and roads to the Long Son Industrial Zone.

Covering 400ha in the Long Son Industrial Zone, the complex is designed to churn out over 3 million tonnes each year.

Once operational, it is expected to meet 65 percent of the country's demand for polyethylen and polypropylene, contributing to a stable supply of input materials for the petrochemical industry.

Source: Daily "VietnamPlus", Hanoi; 12 Apr 2012

(Syed Rashid Ali, Karachi, Pakistan)

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