Dung Quat Refinery expansion plan fixed at 8.5 mln tons of crude and investment of USD 1.82 billion

After much study and calibration, the ambitious plan to expand and upgrade the Dung Quat oil refinery based in Dung Quat Economic Zone of central coastal Quang Ngai province has been eventually fixed and ratified by an Investment Certificate issued by the local government. The target capacity is announced to be 8.5 million tons of crude per year (192,000 barrels per day),  lower than the figure of 10 million tons as tentatively publicized previously. The total cost for this plan is said to be roughly 1.81 billion USD, 30% of which shall be contributed by the involved partner(s) and the remaining 70% shall comes from loans, according to a news article from PVN/BSR.

A ceremony was organized on 23rd Jan 2015 at Dungquat EZ to officially announce the expansion project.

Development master plan set for Dungquat Port Complex II

Further to the expansion plan for Dung Quat Economic Zone which now covers an area of more than 45,000 hectares, a master plan to develop Dung Quat Port No. 2 in area of 1,850 hectares of land and waters has been revealed, following the approval by  Ministry of Transportation.

Dungquat Port II is designed into specialized berths dedicated to giant plants adjacent to port and the factories not adjacent but not so far away, and general cargos berths to be commonly used for the locality and the neighboring areas.

In the first phase of development expected to finish by 2020, the southern part of the port shall be built first, including a 450m long terminal for bulk cargos vessels of 200,000 DWT, 03 terminals for bulk general cargos vessels of 50,000DWT with combined berth length of 850m; a break water of 2,050m length; entrance channel of 300m width and depth of -20,5m. Further development shall be started in the northern part of the port complex in the second phase until 2025.

Then for the third phase until 2030, another terminal shall be constructed for general cargoes vessels of 50,000DWT, and around 11 terminals more are intended to set up after 2030.

Rubber-tired cranes exported at Doosan Vina Specialized Port located in the Dungquat Port Complex No. 1

The port complex No. 1 of Dungquat is now almost fully occupied, including the specialized berths for Dungquat Shipyard (dock for building ships), for Korean-invested Doosan Vina to export huge structures of boilers, cranes, desalination plants … and for the pending Guanglian steel mill. The current port also includes berths of Gemadept and PTSC for general cargoes vessels, where woodchips is extensively exported in recent years. Embedded along the huge break water of the port are petroleum jetties where oil products made at Dungquat Refinery is loaded to oil vessels.

Decision by Ministry of Transportation 2955 on the master plan of Dungquat Port Complex II