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Thailand's PTT Delays $20B Vietnam Refinery and Petrochemical Complex

stander
stander
in Oil, Gas and Energy News

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BANGKOK, June 28 (Reuters) - Thailand's largest energy company PTT Pcl has postponed plans to build a $20 billion refinery and petrochemical complex in Vietnam, it said on Tuesday, citing political changes in the country and uncertainty in global oil markets.


State-controlled PTT has studied the possibility of investing in central Vietnam for more than four years and had aimed to start construction this year in partnership with Saudi Aramco, the world's biggest oil producer.


The complex, including a 400,000 barrel per day refinery and an olefins and aromatic petrochemical plant with annual output of 5 million tonnes, would help to meet Vietnam's domestic demand for oil products and boost its exports.


http://www.downstreamtoday.com/news/article.aspx?a_id=52620


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