Dung Quat Refinery, Vietnam's first oil processing plant, is scheduled to process 5.2 million metric tons of crude oil this year, an official with the operator of the plant said Wednesday.

The 130,000-barrel-a-day plant is expected to produce 4.75 million tons of oil products in the year, said the official, who didn't want to be named.

"The refinery will operate at 80%-85% of its capacity this year, as we have taken unexpected factors into account, such as floods and typhoons," the official told Dow Jones Newswires.

Of the 5.2 million tons of crude oil that the plant is expected to process this year, 1 million tons will be imported, he said. The rest will be local Bach Ho crude oil.

"We are negotiating with BP for the importing of the crude oil, though the negotiations have yet to be finished," he said. "We will meet BP again next week to continue the negotiations."

The plant is expected to generate revenue of VND62.3 trillion ($3.37 billion) in 2010, he said.

Last year, Dung Quat refinery in the central province of Quang Ngai processed 2.1 million tons of crude oil and produced 1.5 million tons of oil products.

The plant was shut down on Dec. 22 for the replacement of a valve in its residual fluid catalytic cracking unit and for an overall check, the official said.

"It will be gradually restarted on Jan. 13 and will be fully operational from the end of this month," he said.


HANOI -(Dow Jones)- Dung Quat Refinery, Vietnam's first oil processing plant, is scheduled to process 5.2 million metric tons of crude oil this year, an official with the operator of the plant said Wednesday.

The 130,000-barrel-a-day plant is expected to produce 4.75 million tons of oil products in the year, said the official, who didn't want to be named.

"The refinery will operate at 80%-85% of its capacity this year, as we have taken unexpected factors into account, such as floods and typhoons," the official told Dow Jones Newswires.

Of the 5.2 million tons of crude oil that the plant is expected to process this year, 1 million tons will be imported, he said. The rest will be local Bach Ho crude oil.

"We are negotiating with BP for the importing of the crude oil, though the negotiations have yet to be finished," he said. "We will meet BP again next week to continue the negotiations."

The plant is expected to generate revenue of VND62.3 trillion ($3.37 billion) in 2010, he said.

Last year, Dung Quat refinery in the central province of Quang Ngai processed 2.1 million tons of crude oil and produced 1.5 million tons of oil products.

The plant was shut down on Dec. 22 for the replacement of a valve in its residual fluid catalytic cracking unit and for an overall check, the official said.

"It will be gradually restarted on Jan. 13 and will be fully operational from the end of this month," he said.