Vietnam is still negotiating with foreign companies to pick partners to build the country's second oil refinery, the Nghi Son plant, an executive of the venture running the project said on Thursday.
"We are still negotiating," General Director Hideto Murakami of the Nghi Son Refinery and Petrochemical Co. that runs the planned US$7 billion refinery told Reuters.
He did not comment directly on news reports on Wednesday that Vietnam had selected France's
Technip, Japanese engineering firm JGC Corp. and Spain's oil engineer Tecnicas Reunidas for a $5 billion deal to build the refinery.
PetroVietnam Construction Corp., a subsidiary of state oil group PetroVietnam, will join the three foreign firms in the engineering, procurement and construction contract for the 200,000-barrel per day refinery, the Vietnam Economic Times newspaper reported on Wednesday, citing PetroVietnam Chairman Dinh La Thang.