Mr Dao Anh Dung, vice chairman of Can Tho People's Committees said that Vien Dong Investment and Commercial Joint Stock Company (the owner of Can Tho Oil Refinery project) has found investor for this project.
According to Dung, Department of Planning and Investment of Can Tho has been evaluating the capacity of this investor and required it to deposit as prescribed. Can Tho People's Committees will consider to withdrawn the investment certificate from investor if it can not meet the requirement.
Can Tho oil refinery has been licensed in 2008, but still in paper since. This project attracts the people’s interesting because of its scales. Initially, the area of project armed at 250ha with investment capital of USD538 million and annual capacity of 2 million tonne per year, but now it is adjusted to 50ha with investment capital of USD350 million and annual capacity of 1 million tonne per year. Once the project goes in to operation it will produce A92-95 gasoline; diesel, and light naphtha …
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