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Vietnam's US$9 billion refinery is ready for operation from February 28

Nghi Son refinery, Vietnam’s second oil refinery, is ready for commercial start-up from February 28, according to the latest announcement released by the Vietnam National Oil and Gas Group (PetroVietnam).

Thai conglomerate wants to take over US$5.4-billion Long Son petrochemical complex

Siam Cement Group has expressed interest in acquiring the remaining 21 percent stake currently held by PetroVietnam in the Long Son petrochemical complex.

Binh Son Refining and Petrochemical’s IPO obtains over US$245 million

Domestic and foreign investors have paid an average price of VND23,000 (US$1.01) per share, 56 per cent higher than the initial price of VND14,600 (US$0.64) offered in the auction.

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