HANOI, Jan 10, 2002 (Itar-Tass via COMTEX) -- A new oil terminal which is part
of an oil refinery that is being built by the joint Russian- Vietnamese company
Vietross became operational in the Dung Quat Bay in Central Vietnam's Quang Ngai
province on Thursday.

The newly commissioned wharf is the first part of the deep- water port which is
to be built along with the refinery in Dung Quat. The value of the refinery
infrastructural project is estimated at 200 million dollars.

The refinery, NPZ-1, is to become fully operational in October 2004, Vietross
specialists said. After it begins to work to full design capacity the refinery
will supply 70 percent of Vietnam's needs for top-quality petroleum products,
such as petrol, kerosene, diesel and aviation fuel and other petrochemical
products needed by the Vietnamese national economy.


By Yuri Denisovich


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