Vientiane Chemical Energy Storage Project

Why should Laos invest in a refined oil refinery?

With a total processing capacity of three million tonnes per year, the refinery will provide a stable supply of refined oil to Laos, helping it to reduce the dependence on fuel imports and boost the domestic petrochemical industry. The project will cut oil prices in the domestic market and promote long-term stability in Laos’ economic development.

What products will be produced at the Saysettha refinery in Vientiane?

The refinery will produce fuel products, including diesel, gasoline, and chemical products such as benzene, petroleum aromatics, petroleum liquefied gas and industrial sulphur. The Saysettha Development Zone in Vientiane is an economic and trade cooperation zone jointly established by the Chinese and Laos governments.

How many people work at Lao refinery?

The refinery currently employs almost 300 people, of whom 160 are Lao and account for about 55 percent of the workforce, he said. The company has paid 66 billion kip in taxes to the government, Mr Wang added.

Who owns the Vientiane Development Zone?

The development zone is operated by Lao-China Joint Venture Investment, which is jointly funded by Yunnan Provincial Overseas Investment (YOIC) and the Municipal Government of Vientiane.

When will Laos oil refinery be built?

It is anticipated to meet approximately 60% of the fuel demand in Laos. Construction of the refinery began in 2015 and the first phase of the commercial production from the oil refinery was launched in November 2020. The final phase of the refinery is scheduled to be completed by 2030.

Where is Lao petroleum & chemical (laopec) located?

It is located in the Saysettha Comprehensive Development Zone of Vientiane, the capital city of Laos. The refinery is being developed by Lao Petroleum & Chemical (Laopec), a joint venture formed by China’s Yunnan Dongyan Industrial (75% interest), Lao State Fuel Company (20% interest) and the Lao-China Joint Investment (5%) in 2015.