The Dung Quat Oil Refinery locates in the central province of Quang Ngai. — Photo nangluongvietnam

QUANG NGAI (Biz Hub) — Binh Son Oil Refinery Co Ltd was granted an investment certificate yesterday to upgrade and expand the Dung Quat Oil Refinery in the central province of Quang Ngai.

Accordingly, the plant will be constructed with a total investment of US$1.9 billion. It will have a capacity of 8.5 million tonnes per year – 2 million tonnes higher than present.

Binh Son Oil Refinery Company had a successful year in 2014. Its total output reached 5.81 million tonnes, earning it VND128 trillion (around $6 billion).

The company began providing bio-fuel E5-RON 92 in July, in accordance with the bio-fuel development roadmap approved by the Government. It also implemented new technological processes for production.

The firm aims to produce more than 5.86 million tonnes of various products and earn VND120.6 trillion in 2015. — VNS