PetroVietnam Insurance (PVI) will provide the Dung Quat oil refinery with risk management consultation and insurance services worth over 3 billion USD per year.
Under an agreement that was signed in central Quang Ngai province on July 12, the insurance package will cover assets, personal safety, construction, installation and transportation insurance for the refinery.
Covering 338 ha of land and 473 ha of water in Quang Ngai province’s Binh Son district, t he 2.5 billion USD Dung Quat oil refinery will be capable of processing 6.5 million tonnes of crude oil per year and refine 33 percent of the country’s entire demand for petrol and oil. Its products will include protylen, liquefied petroleum gas (LPG), lead-free petrol, diesel oil and fuel oil.
PVI is now the sole insurer for the refinery, providing insurance services from design to the refinery’s initial test run.
Source: VNA
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