Laos: First Oil Refinery Expected to Be Completed Next Year

Laos: First Oil Refinery Expected to Be Completed Next Year

The construction of the first ever oil refinery in the Saysettha
Comprehensive Development Zone, Vientiane is expected to be completed in
mid-next year.

The refinery is expected to have an annual production capacity of 800,000
tonnes of oil.

The refinery construction project began in 2014 as an investment of the
Lao-China Dongyan Petrochemical Co., Ltd (LCPC), a joint venture between
Yunnan Dongyan Industrial Co., Ltd which holds 75 per cent of its shares,
the Lao State Fuel Company 20% and the Lao-China Joint Investment Co., Ltd
5%.

Once operational, the refinery will become among the nation's largest
industrial enterprises and be able to supply about 60 per cent of fuel in
Laos.

As of now, the project has been 40 per cent completed, according to Deputy
Director of the Lao State Fuel Company Mr. Phaiboun Phomphaphithuk.

Sitting on over 218,677 sq m and worth US$179 million, the oil refinery
project involves the construction of three buildings, 16 oil tanks which
have a total storage capacity of 80 million litres.

Laos imported 1.3 million litres of oil annually, according to Mr. Phaiboun.

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Link to Original Article: http://kpl.gov.la/En/Detail.aspx?id=26764

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com