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PetroVietnam Agrees Loan For Fertilizer Project

5:31 AM MDT | June 30, 2010 | Natasha Alperowicz

Vietnam National Oil and Gas Group (PetroVietnam; Hanoi) has concluded a $200-million loan agreement with the Vietnam Development Bank (Hanoi) toward construction of the Ca Mau Fertilizer project at Khanh An, U Minh district of Ca Mau province, Vietnam. The project will be designed to produce 800,000 m.t./year of urea and is expected onstream in the second quarter of 2012. A Chinese contractor consortium of WEC-CMC (Beijing) is carrying out the engineering, procurement and construction work. The project is one of the key investments in Vietnam's oil and gas...

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