Tuesday, Jan 17, 2012
HANOI (Dow Jones)--Qatar Petroleum International will supply propane and naphtha for a Vietnamese petrochemical plant it will invest in, state-run PetroVietnam said Tuesday.
The company Monday signed an agreement with PetroVietnam for a 25% stake in the $4 billion Long Son plant, during a visit by Qatar's Emir Sheikh Hamad bin Khalifa al-Thani.
The plant is to be built in the southern province of Ba Ria Vung Tau, PetroVietnam said in a statement.
PetroVietnam, Vietnam National Chemical Corp. and Thailand's SCG Chemicals and TPC are the other investors.
Construction is scheduled to start in 2012, state media said Monday, citing PetroVietnam.
-By Vu Trong Khanh; Dow Jones Newswires; +84986129595, trong-khanh.vu@dowjones.com
(END) Dow Jones Newswires
17-01-12 0858GMT
