The Hai Phong Paper Joint Stock Company (Hapaco), on April 14, signed a new contract with Evagor of Germany, under which the German firm will provide consultancy for Hapaco’s oil refinery project as well as undertake construction of the plant.
Under the contract, Evagor will draw out a feasibility study for the project; provide construction consultancy, loans and equipment; transfer technology; and operate the oil refinery which will be built at the Hai Phong-based Dinh Vu Industrial Zone in the first stage.
The contract is valued at 150 million USD, to which Evagor will finance 128 million USD.
Hapaco is listed on the Ho Chi Minh City Securities Trading Centre.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment