By Van Nguyen
Feb. 19 (Bloomberg) -- Vietnam Oil & Gas Group plans to increase investments in Dung Quat oil refinery to more than $3 billion from $2.5 billion, Tuoi Tre newspaper said, citing the official in charge of the project.
PetroVietnam, as the state-run company is known, will use the funds to build a dyke and a port for the refinery in Dung Quat Bay in the central province of Quang Ngai, the report said, quoting Truong Van Tuyen, the head of the Project Management Board.
Dung Quat refinery is scheduled to start producing fuel on Feb. 22, the newspaper said.
To contact the reporters on this story: Van Nguyen in Ho Chi Minh City at vnguyen23@bloomberg.net
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