Vietnam oil refinery rejects rumors of temporary shutdown

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Vietnam's only oil refinery has rejectedlast week's rumors of a temporary shutdown due to a technical problem, saying the problem was fixed right away, Tuoi Tre reported.

Since the US$3-billion Dung Quat refinery is often the center of attention, information about it tends to be "exaggerated," Nguyen Hoai Giang, chief executive officer of Binh Son Refinery and Petrochemical Co., which runs the refinery, said at a press briefing Monday.

There had been a technical fault at a processing unit last Monday, but it was fixed immediately, he said.

The 130,000-barrels-per-day plant has been working at full capacity since August when it was shut down for a week to fix a problem in the same unit, he added.

The facility supplies 30 percent of domestic oil demand.

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Dung Quat, located in the central province of Quang Ngai, became operational in early 2009. In the first nine months of this year, it refined 3.9 million tons of oil, or 65 percent of this year's target.

Vietnam is planning to begin work on a second refinery in the northern province of Thanh Hoa at a cost of US$8 billion by the end of this year.

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