Two Wholly Foreign-owned Oil Projects Approved at Dung Quat EZ
The management board of the Dung Quat Economic Zone in central Quang Ngai province has recently given a green light to two oil projects with a total investment of US$28.5 million, the Financial Investment newspaper reported, citing the board's sources.
Under the approved plans, Doobon Vietnam One-member Company will construct a plant to produce neutralizers and petrochemicals for oil refinery sector at a cost of US$28 million.
Meanwhile, Singaporean Flowserve Pte.Ltd will build a facility worth US$500,000 to import and distribute dedicated equipment and machines serving for oil and gas industry; as well as supply installation, warranty, and maintenance services for the aforementioned devices.
To date, as many as 168 projects worth US$10.4 billion have been granted investment licenses at Dung Quat EZ. (Financial Investment, Investment)
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