Why has PetroVietnam decided to build two oil refineries in two different areas?
In principle, oil refineries must be built in localities which are near the sea and have deep water ports. Vietnam looks into the sea, but there are few localities which have deep water ports capable of receiving big oil tankers. Other countries, able to build deep water ports, do not have large, even and flat mainland space. We think that in the future, localities will have equal economic development. If oil refineries gather in one area, it would be very costly to carry products of oil refineries to consumption areas. Therefore, we have chosen the optimum places in the north, central region and the south for oil refineries, which will help us save up costs when the refineries come into operation. Do you agree with the opinion that Vietnam’s oil refineries are too small in scale and capacity, which make it difficult to attract foreign investment? The Dung Quat oil refinery is small with the capacity of 6.5mil tonnes a year. The idea of building the oil refinery started 10 years ago, w
