VIB Lends US$25 Mln to Binh Son Refinery
Binh Son Refinery and Petrochemical Co., Ltd, which operates Dung Quat oil refinery, has signed a credit contract with eight banks, including the Vietnam International Bank (VIB), for a short-term loan of US$200 million to spur its working capital of the refinery.
The framework credit agreement was signed in Quang Ngai province by Binh Son Refinery and eight lenders, namely Ocean Bank, VIB, VietinBank, TienPhongBank, LienVietBank, Indovina Bank, HSBC, and Credit Agricole Corporate and Investment Bank.
VIB pledged to lend US$25 million for Binh Son Refining and Petrochemical Co., Ltd.
Dung Quat refinery, invested by the Vietnam National Oil and Gas Group (PetroVietnam) and operated by Binh Son Refinery and Petrochemical Company, has an annual capacity of 6.5 million tonnes of crude oil and can meet 30 % of domestic petroleum demand.
P.V
Vietnamese
