HANOI – A consortium including Abu Dhabi government-owned International Petroleum Investment Company, or IPIC, and Malaysia’s Petronas have expressed interest in investing in a large oil refinery in southern Vietnam, state media reported.

The Dau Tu, run by the Ministry of Planning and Investment, said the group, which also included GS Group from South Korea and oil trading firm Trafigura, have expressed interest in the Long Son refinery project.

The refinery, estimated to cost about $7 billion and located in the oil hub province of Ba Ria Vung Tau, would have an annual capacity of 10 million tonnes, or about 200,000 barrels per day, or bpd, the report said. (khaleejtimes)