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China-Laos joint venture Laos' first petroleum refining project is put into operation

The project will effectively fill the gaps in the petrochemical industry in Laos and change the status quo that all its refined oil depends on imports. The commissioning ceremony held on the 30th set up two venues in Vientiane, Laos and Yunnan, China, which were jointly held by means of remote live broadcast.

On the same day, Song Sai, member of the Political Bureau of the Central Committee of the Lao People's Revolutionary Party, Deputy Prime Minister and Minister of Planning and Investment, Chinese Ambassador to Laos Jiang Zaidong, etc. were at the venue in Laos, and Wang Yubo, Acting Governor of Yunnan Province, together witnessed the commissioning of the project.

The project is located in the Saisetta Comprehensive Development Zone in Vientiane, Laos. It covers an area of 425 acres and plans to invest about 2 billion US dollars to build a modern oil refinery that meets the standards in three phases. It is reported that the comprehensive processing capacity of the first phase of the Laos petrochemical project will reach 1 million tons per year. After normal production, it will provide Laos with a safe and stable supply of refined oil, and play an important role in the development of Laos' industry and the construction of a chemical system.

On November 30, it was reported that the first phase of the 3 million tons/year refining and chemical project of Laos Petrochemical Co., Ltd. (Laos Petrochemical) was officially put into operation on the 30th. This is the first petroleum refining project in Laos jointly invested and constructed by Chinese and Lao enterprises.