VietNamNet Bridge – Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand.

Vietnam’s oil refining industry is built based on two huge projects capitalized at multibillion dollars – Dung Quat Oil Refinery and Nghi Son Petrochemical & Oil Refinery Complex.

In 2009, the $3 billion Dung Quat Oil Refinery began to use crude oil from the Black Tiger oil field. From May 30, 2010, Dung Quat officially entered the commercial operation period. Tiếp tục đọc “Vietnam to see cutthroat competition in petroleum market” →