Vietnam: Petrochemical Complex and Oil Refinery Thailand Delays Plans for Refinery in Vietnam

Editor: Alexander Stark

Thailand's largest energy company PTT has postponed plans to build a $ 20 billion refinery and petrochemical complex in Vietnam, reports Reuters.

Related Companies

Thailands' state-owned PTT delays plans for a project in Vietnam.
Thailands' state-owned PTT delays plans for a project in Vietnam.
(Picture: PTT)

Bangkok/ Thailand – This follows the announcement of Saudi Aramco from the project earlier this month. Both companies originally held an equal stake of 40 % in the project.

The state-owned company PTT has partnered with Saudi Aramco to invest to built a complex with a processing capacity of 400,000 barrel a day.

According to Reuters, Chansin Treechuchagron, PTT's Senior Executive Vice President for petrochemicals and refining, said the company will delay the project and review investment at the end of the year.

(ID:44159654)