Project List

VietnamOilandGasGroup
WARMLYWELCOMETOPETROVIETNAM
Headquarter :18LangHaStreet,BaDinhDistrict,HaNoi,VietNam. Telephone :+84438252526 Fax :+84438265942 CONTACTPOINTS: and
MS.LETHITHUHUONG DeputyGeneralManager Investment&DevelopmentDivision Tel :+84437725891 Fax :+84438265942 Email :huongltt@pvn.vn MS.VUMAITRANG SpecialistInvestment &DevelopmentDivision Tel :+84438252526/7332 Fax :+84438265942 Email : trangvm@pvn.vn
Pleasecontactusformoreinformation!
ProjectSummary
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TABLEOFCONTENTS
Ord i ii I I1 I2 I3 I4 I5 I6 I7 II II1 II2 II3 II4 II5 II6 III III1 III2 III3 III4 III5 IV IV1 IV2 IV3 IV4 IV5 IV6 IV7 IV8 IV9 IV10 IV11 V V1 V2 ProjectName PetroVietnamProjectsMap ListofProjectsCallingforInvestment Downstream DungQuatRefinery(RefineryNo.1) DungQuatRefineryExpansion LongSonRefinery(RefineryNo.3) CaMauFertilizerPlant DinhVuPolyesterPlant DungQuatUndergroundOilStorageTerminal NghiSonUndergroundOilStorageTerminal Power ThaiBinh2Coalfiredpowerplant VungAng1Coalfiredpowerplant QuangTrach1Coalfiredpowerplant LongPhu1Coalfiredpowerplant SongHau1Coalfiredpowerplant DakdrinhHydropowerPlant Seaport PhuocAnPort NghiSonPortThanhHoa HonLaPortQuangBinh PVTransInternationalPort PetrovietnamTransportCorp RealEstate&IndustrialPark DanangRiversideHotel TanVienInternationalLuxuryTouristArea CT1011BuildingofVanPhuNewUrban,HaDong HaLongPlaza,officeandHotelProject(TimeTower) PhuocKhanhresidentialarea VungTauPetroleumNewUrbanArea PVInconessInvestmentJSC(RoyalGolfCourse) HonKhoiPetroleumIndustrialPark DanTienIndustrialPark LaiVuIndustrialPark SoaiRapIndustrialZoneInfrastructureServiceBusiness Infrastructure&Facilities Theringroad2inHCMCity TankFabricationPlant Page 04 05 09 13 15 18 21 24 26 29 32 35 38 41 44 49 53 55 58 60 63 65 67 68 69 71 72 74 76 78 80 82 83
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V3 V4 V5 V6 V7
LongitudinalWeldedSteelPipeProductionFactory FloatingStorageandOffloading(FSO)forBienDong1Project FloatingStorageandOffloading(FSO)SystemforBachHoProject DungQuatShipyardCompanyProfile NhonTrachShipBuildingPlant
84 85 88 91 94
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International Luxury Tourist. IV-2: TanVien Owner: PVR<PVN/PVC>. Investment: $235MM
PETROVIETNAM PROJECTS MAP

IV-3: CT10-11 Building Van Phu. Owner: PVR. <PVN/PVC>. Investment: $72MM IV-7: PV Inconess JSC. Owner: PVFC. <PVN>. Chartered Capital: $15MM IV-4: HaLong Plaza. Owner: PVR. <PVN/PVC> Investment: $44MM
IV-10: Lai Vu Industrial Park. Owner: PTSC. <PVN>. Investment: $34MM IV-9: Dan Tien Industrial Park. Owner: PVPowerLand. <PVN/PVC>. Invst: $70MM III-2: Nghi Son Port. Owner: PTSC. <PVN>. Investment: $260MM II-2: Vung Ang 1 Power Plant. Owner: PVN. Investment: $1,595MM
I-5: Dinh Vu Polyester. Owner: PVN/PVTEX. Investment: $325MM II-1: Thai Binh 2 Power Plant. Owner: PVN/PVPower. Investment: $1,699 MM I-7: Nghi Son Underground Oil Storage. Owner: PVOS <PVN/PVOIL> Investment: $300MM II-3: Quang Trach 1 Power Plant. Owner: PVN. Investment: $1,778MM IV-1: Da Nang Riverside Hotel. Owner: PVC <PVN>. Investment: $28MM I-6: Dung Quat Underground Oil Storage. Owner: PVOS <PVN/PVOIL> Investment: $340MM III-4: PVTrans International Port. Owner: PVTrans Corp <PVN>. Investment: $37MM I-1: Dung Quat Refinery. Owner: PVN. Investment: $3,053 MM V-6: Dung Quat Shipyard JSC. Owner: PVN. Chartered Capital: $190MM I-2: Dung Quat Refinery Expansion. Owner: PVN.Investment: $1,159MM IV-5: Phuoc Khanh Resident. Owner: PV Land. <PVN/PVC>. Investment: $30MM III-1: Phuoc An Port. Owner: Phuoc An. <PVN>. Investment: $870MM V-7: Nhon Trach Ship Building Plant. Owner: PTSC. <PVN>. Investment: $75MM IV-6: VungTau Urban Area. Owner: PetroLand. <PVN/PVC> Invt: $75MM V-4: FSO Bien Dong1. Owner: PTSC. <PVN> Investment: $120MM I-3: Long Son Refinery. Owner: PVN. Investment: $6,000MM V-5: FSP Bach Ho. Owner: PTSC. <PVN>. Investment: $210MM
Capital Cities
Legends
Downstream Power Sea Port RealEstate/IndustrialZone Infrastructure/Facilities

PVNcopyright 2010 All right reserved III-3: Hon La Port. Owner: PTSC. <PVN>. Investment: $20MM II-6: Dakrinh HydroPower. Owner: Dakrinh JSC. <PVN/PVPower> Investment: $153MM
IV-8: Hon Khoi Industrial Park. Owner: PVSB. <PVN/PTSC>. Investment: $1,919MM III-5: PVTrans Corporation. Owner: PVN. Chartered Capital: $78MM V-1: The Ring Road 2. Owner: PetroLand <PVN/PVC>. Investment: $331MM
IV-11: Soai Rap Industrial Zone. Owner: PVC. <PVN>. Investment: $40MM V-2: Tank Fabrication Plant. Owner: PVC-PT. <PVN/PVC>. Investment: $20MM V-3: Longgitudinal Welded Pipe Plant. Owner: PVPipe. <PVN/PVC>. Invt: $85MM II-5: Song Hau 1 Power Plant. Owner: PVN. Investment: $1,708MM II-4: Long Phu 1 Power Plant. Owner: PVN. Investment: $1,595MM I-4: Ca Mau Fertilizer. Owner: PVN. Investment: $900MM Rev.1018.Sonct
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LISTOFPROJECTSCALLINGFORINVESTMENT
Ord I I1 I2 I3 I4 I5 I6 I7 II II1 II2 II3 II4 II5 II6 III III1 III2 ProjectName Downstream DungQuatRefinery(RefineryNo.1) DungQuatRefineryExpansion LongSonRefinery(RefineryNo.3) CaMauFertilizerPlant DinhVuPolyesterPlant DungQuatUndergroundOilStorage Terminal NghiSonUndergroundOilStorage Terminal Power ThaiBinh2Coalfiredpowerplant VungAng1Coalfiredpowerplant QuangTrach1Coalfiredpowerplant LongPhu1Coalfiredpowerplant SongHau1Coalfiredpowerplant DakdrinhHydropowerPlant Seaport PhuocAnPort NghiSonPortThanhHoa PVN PVN PVN PVN PVN/PVTEX PVN/PVOil/PVOS PVN/PVOil/PVOS PVN/PVPower PVN PVN PVN PVN PVN/Dakdrinh PVN/PhuocAnJSC PVN/PTSC Owner QuangNgaiProvince QuangNgaiProvince BaRiaProvince CaMauProvince HaiPhongProvince QuangNgaiProvince ThanhHoaProvince ThaiBinhProvince HaTinhProvince QuangBinhProvince SocTrangProvince HauGiangProvince KontumProvince DongNaiProvince ThanhHoaProvince Page5of95 Location Investment/ CharteredCap. MMUSD 12,076 3,053 1,159 6,000 900 325 340 300 8,529 1,699 1,595 1,778 1,595 1,708 153 1,265 870 260 Maximum% oftransfer 7projects TBD 49% 71% 49% TBD 31% 31% 6projects 71% 49% 71% 71% 71% TBD 5projects 49% 49%
ProjectSummary
III3 III4 III5 IV IV1 IV2 IV3 IV4 IV5 IV6 IV7 IV8 IV9 IV10 IV11 V V1 V2 V3
HonLaPortQuangBinh PVTransInternationalPort PetrovietnamTransportCorp RealEstate&IndustrialPark DanangRiversideHotel TanVienInternationalLuxuryTourist Area CT1011BuildingofVanPhuNew Urban,HaDong HaLongPlaza,officeandHotelProject (TimeTower) PhuocKhanhresidentialarea VungTauPetroleumNewUrbanArea PVInconessInvestmentJSC(RoyalGolf Course) HonKhoiPetroleumIndustrialPark DanTienIndustrialPark LaiVuIndustrialPark SoaiRapIndustrialZoneInfrastructure ServiceBusiness Infrastructure&Facilities Theringroad2inHCMCity TankFabricationPlant LongitudinalWeldedSteelPipe ProductionFactory
PVN/PTSC PVN/PVTrans PVN PVN/PVC/PVCMT PVN/PVC/PVR PVN/PVC/PVR PVN/PVC/PVR PVN/PVC/PVLand PVN/PVC/Petroland PVN/PVFC/PV INCONESS PVN/PTSC PVN/PVC/PVPower Land PVN PVN/PVC PVN/PVC/ Petroland PVN/PVCPT PVN/PVC/PVPIPE
QuangBinhProvince QuangNgaiProvince HoChiMinhCity DaNangProvince BaVi,HanoiCity HaDong,HanoiCity HaLongcity,Quang NinhProvince DongNaiProvince VungTauProvince HanoiCity KhanhHoaProvince HungYenProvince HaiDuongProvince TienGiangProvince HoChiMinhCity TienGiangProvince TienGiangProvince Page6of95
20 37 78 2,561 28 235 72 44 30 75 15 1,919 70 34 40 1,031 331 20 85
TBD 49% 18% 11projects TBD TBD TBD TBD TBD TBD 49% 49% TBD TBD TBD 7projects 49% 49% 49%
ProjectSummary
V4 V5 V6 V7
FloatingStorageandOffloading(FSO) forBienDong1Project FloatingStorageandOffloading(FSO) SystemforBachHoProject DungQuatShipyardCompanyProfile NhonTrachShipBuildingPlant
PVN/PTSC PVN/PTSC PVN/DungQuat Shipyard PVN/PTSC TOTAL
VungTauCity VungTauCity QuangNgaiProvince DongNaiProvince
120 210 190 75 25,462
TBD 49% TBD TBD 36projects

Rev:101012.Sonct
Note:TBD:Tobediscussed
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SECTORI
DOWNSTREAM

DUNGQUATREFINERY (SocalledRefineryNo.1)
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DUNGQUATREFINERYPROJECT(RefineryNo.1) (SectorI:DownstreamProject:I1) 1. Project:DungQuatRefinery(So calledRefineryNo.1). 2. Location:DungQuatEconomic ZoneBinhSonDistrictQuang NgaiProvince. 3. Owner:VietnamOilandGasGroup (PetroVietnam). 4. Capacity:6,500KMTA(KiloMetric TonsperAnnum). 5. Capitalinvestment:US$3,053 million. 6. Economicefficiency:IRR8.02% 7. Financing:fromvarioussources PVN,nationalbudget,commercial loans 8. PVNs expectation: Partners are welcome to discuss for participation percentage up to 49% of Binh Son Refinery & Petrochemicals Co., Ltd (Petrovietnams subsidiaryoperatorandmanagerofDungQuatRefinery). 9. Feedstocks:Vietnamesecrudeoil. 10. Products: LPG; Unleaded Gasoline (RON 92; 95); JetA1; Diesel; FO; Polypropylene Sulphur.Thecapacitybyspecificproductsasbellowtable: No. 1 2 3 4 5 6 7 8 LPG RegularGasoline PremiumGasoline JetA1/Kerosene Diesel FuelOil Polypropylene Sulfur TotalLiquidProduct Products Quantity(BPSD) 11,100 44,100 21,800 5,300 53,200 7,000 450TBD 5TPD 142,400
11. Productspecifications:equivalenttoSpecificationEUROII.
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12. Overall plant site: Approximately 338 ha of land and 471 ha of sea, made up as follows: MainRefineryProcessunitsandUtilities:110ha; CrudeTankFarmandFlareArea:42ha; ProductTankFarm:about44ha; Seawaterintake,WasteWaterandonshoreCrudePipelines:17ha; Interconnectingproductpipelines:78ha; HarbourProductExportArea:135ha; SPM,offshorecrudepipelines,entrancechannelandturningbasin:336ha. 13. Mainprocessunits: 1. CrudeDistillationUnit(CDU) 2. NaphthaHydrotreater(NHT) 3. IsomerizationUnit(ISOM) 4. ContinuousCatalyticReformingUnit(CCR) 5. KeroseneTreatingUnit(KTU) 6. ResidueFluidCatalyticCracking(RFCC) 7. LCOHydrotreatingUnit(LCOHDT) 8. LPGTreatingUnit(LTU) 9. RFCCNaphthaTreatingUnit(NTU) 10. AmineRegenerationUnit(ARU) 11. SourWaterStripper(SWS) 12. CausticNeutralizationUnit(CNU) 13. PropyleneRecoveryUnit(PRU) 14. PolypropyleneUnit(PPU) 15. SulfurRecoveryUnit(SRU) Besides, utilities and offsite facilities are designed in accordance with the standard ofagrassrootsrefinery. 14. Tankfarm: 1. CrudeTankFarm:6tankswithtotalcapacityof390,000m3; 2. ProductTankFarm:22tankswithtotalcapacityof390,000m3; 3. IntermediateTanks:23tankswithtotalcapacityof280,000m3. 15. Marinefacilities: CrudeoffloadingfacilitySPM(SinglePointMooring):for80,000110,000DWT vessels.
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Productjetty:upto30,000DWTvessels. Breakwater:1,600mlengthand1011mhigh. 16. EPCcontractor: The major EPC Contract has been signed on May, 17th 2005 (became effective on June, 25th 2005) with Consortium (TechnipCoflexip of France, Technip Geoproduction of Malaysia, JGC Corp of Japan and Technicas Reunidas of Spain) ledbyTechnipFrance. 17. Projectlife:25years. 18. Projectsschedule: 20052009:investmentperiod 2010:Starttooperateat90100%capacity. 19. Currentstatus Transferred from EPC Contractor in May 2010 and began commercial productionatfullcapacityinJune2010; FromJanuary01,2010toOctober19,2010:processed4.7milliontonsofcrude oilandproduced4.4milliontonsofproducts; Estimated for whole year of 2010: process 6.1 million tons of crude oil and produced5.7milliontonsofproducts. In 2010, Dung Quat Refinery supplied approximately 30 % of the countrys demandforrefinedpetroleumproducts. 20. Crude oil supply & Distribution system for oil products of Dung Quat refinery (Wholesaler) Crude Oil Supplier: PV Oil (Petrovietnams subsidiary International Trader for crudeoils&petroleumproducts); Oil Products: Vietnamese major traders and distributors, such as PV Oil, PETEC, Petrolimex,etc; GasProducts:PVGasanditssubsidiaries; Jetfuel:VinapcoforVietnamAirlines,MilitaryPetroleumCo. 21. GovernmentpolicytoDungQuatrefineryproject Investmentincentives: Dung Quat refinery Project located in Dung Quat Economic Zone, Quang Ngai Province and granted a special Investment incentive in accordance with Correspondence 13/UDDT dated 15/02/2006 from Dung Quat Economic Zone ManagementBoard. Taxincentive:
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Beentitledtothelandrentexemptioninoverallprojectlife. Beexemptedfromthelandutilization; Beexemptedfromlandutilizingtaxesinoverallprojectlife; Be inherited tax rate, 10% of Corporate Income Tax (CIT) within 15 years commencingformthecommercialoperationoftheproject; Be exempted from the CIT for the 4 years when the taxable income is generated. Beentitledto50%reductionforthenext9consecutiveyears; Beentitledtotheincometaxof50%reductionforhighincomepeople; Be exempted from the import tax levied on machinery, equipment and constructionmaterialswhichcannotbeproducedinVietnam; The Project is exempted from the VAT levied on the imported produced in Vietnam.
TankFarmin DungQuatRefinery
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DUNGQUATREFINERYEXPANSIONPROJECT (SectorI:DownstreamProject:I2) 1. Project: Dung Quat Refinery
Expansion Project (Including existing DungQuatRefinery). 2. Location: Dung Quat Economic Zone BinhSonDistrictQuangNgaiProvince. 3. Owner: Vietnam Oil and Gas Group (Petrovietnam). 4. Capacity: 192,000 BPSD (8.5 million tons per year, equivalent to 130% of the originaldesignedcapacity); 5. Additional Capital investment: US$1,158.6million. 6. Economicefficiency:IRR9.42%. 7. PVNs expectation: Partners to participate49%oftheProject 8. Feedstocks: 50% Vietnamese Crude and 50% Middle East Sour Crude (Arabian Light), in which Vietnamese Crude is mixture of Bach Ho, Black Lion and Golden Lion. BachHocrudeismixtureofBachHoandCaNguVangcrude. 9. Products:LPG;UnleadedGasoline(RON92;97);JetA1;Diesel;FO;Polypropylene, Sulphur.Thecapacitybyspecificproductsasbellowtable: Item Product Quantity(BPSD) 1 2 3 4 5 6 7 8 10. Productspecificationsandenvironmentalregulation:
ProjectSummary
LPG RegularGasoline PremiumGasoline JetA1/Kerosene Diesel FuelOil PolyPropylene Sulfur TotalLiquidProduct
8,200 59,400 23,300 14,600 63,600 19,200 525TPD 139TPD 188,300
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Productspecifications:equivalenttoSpecsEUROIV. Environmental regulation: equivalent to present Specs TCVN2005 and TCVN2009. 11. Mainprocessunits: Additional process units: Crude Preflasher; VDU; Visbreaker; Diesel HDS; GasolineHDS;SHP/InAlk;MercuryRemovalUnit Modificationofexistingunits:CDU,RFCC,NHT,KTU 12. Utilityunits,offsiteandmarinefacilities ModificationofUtilityUnitsandMarineFacilitiesisminimized. Additional Tanks: Crude tanks, Intermediate Tanks, Check Tanks and ProductTanks. 13. Projectsschedule: 20112016:Investmentandimplementationphase. Theendof2016:CommissioningandBeginoperation. 14. Currentstatus: On 31 July 2009: Petrovietnam, represented by Binh Son Refinery & Petrochemicals Co., Ltd (BSR), signed the Contract with JGC Corporation (Japan) for Consultancy for Establishment of The Preliminary Feasibility Study(PreFS)forDungQuatRefineryExpansionProject. InDecember2009:JGCsubmittedthefinalPreFS. In October, 2010: After the PreFS is approved by the Government, JGC is continuously appointed to establish the Detail Feasibility Study which is expectedtobefinishedwithin6months. 15. Government incentives: Dung Quat Refinery Expansion enjoys the same investmentincentivesoftheexistingDungQuatRefinery.
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LONGSONREFINERYPROJECT(RefineryNo.3) (SectorI:DownstreamProject:I3) 1. Project: Long Son Refinery (so called RefineryNo.3). 2. Location: Long Son Petroleum Industrial Zone, Long Son commune, Vung Tau city, Ba Ria Vung Tau province. 3. Owner: Vietnam Oil and Gas Group (Petrovietnam). 4. Capacity: 10 million tons of crude oil per year (possible expansion to 20 milliontons). 5. Capital investment: US$ 7,000 8,000 million(roughestimation) 6. Economicefficiency:understudying 7. PVNsexpectation:Foreignpartnerstoparticipate71%oftheProject. 8. Feedstocks:100%importedcrudeoil. 9. Products: Petroleum fuels to fulfill the domestic demand and feedstock for petrochemicalindustry. 10. Productspecification:minimumequivalentwithEUROIV. 11. Overallplantsite: TheRefinerysite: The area for refinery site shall be 810 ha including future expansion. The site islocatedinthesouthoftheLongSonIndustrialZonebesidethecoastalwith ground level higher than 3m and a slope around 2%5% from the hills south westwards towards the coastline. This area is currently utilized for shrimp hatchingandsaltfarming. It must be paid by Investors all the cost of compensation, relocation and site clearancewiththesupportingfromIndustrialZoneandLocalauthorities. There is possible to build the SPM and jetty port for importing crude and offtakeproducts.Theinitialandannualdredgingisneeded. Locationadvantages: The Long Son refinery is located in the Long Son industrial zone in the Long Sonisland,BaRiaVungTauprovince,Vietnam.Nearbythisregion,thereare
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also several big industry zones: Go Dau, My Xuan, Phu My and Cai Mep. This is the hugest area of heavy industry in Vietnam: oil, gas, fertilizer, steel, power generation and other heavy industries. There are also numerous local maintenance/inspection and mechanical labor companies that are furnishing localindustries. TheLongSonIndustrialZoneis15kmawayfromBaRiatownand30kmfrom Vung Tau city and 100 km form Ho Chi Minh city. There is a good network of roads in the region which furnishes existing industry and tourism centers: around 10 km from the highway no. 51 connecting to Ho Chi Minh city. No railwaylineinthisarea. Seaway: This region is located in nearby the international seaway route that runstotheexistingindustrialzonesandHoChiMinhCity. There are 03 mega projects in the Long Son industry zone: The Long Son refinery, the Southern Petrochemical complex and the Underground Storage (Stock piling). The utilities and services are good and available in this area for construction phase: electricity (for construction only), fresh water, telecom system. 12. Projectsschedule:Expectedtimeofcommercialoperationaround2020. 13. GovernmentIncentives: The Government hasissued the incentive package applied for Long Sonrefinery as follows: GOV is responsible for all related infrastructures such as road, power, water, communicationsystemtothefenceoftheRefinery. The Corporate Income Tax applied for Project is 10% afterward up to 30 years asfollows: 0%for4yearsfollowingthefirstyearofprofitableoperation. 5%forthenext9years 10%forthenext17years. Importtariff: ExemptionofImportTaxforcrudeoilimport. Exemption of Import Tax for machinery and equipment imported in the complete production line which is not able to be produced domestically and createdfixedassets..
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Exemption of VAT for machinery, equipment, material imported in the complete production line which is not able to be produced domestically and createdfixedduringconstructionphase. Inprinciple,6monthsaftertheEPCaward,theJointVenturecanbuilduptheir import, distribution facilities and can distribute the Products based on import products by its own distribution networks, with the volume up to 50% of refinery production, provided that the Project complies with the Government regulation. 14. OtherAttractiveness: Nearby the biggest petroleum fuel consumption market of Vietnam (southern market)whichtakes60%ofdemand. Advantage in transportation in both domestic and international seaway transportationforcrudeimportandproductsdistribution. Located in the industry zone, all utilities are available at fence of the refinery withfavorablefeethatappliedtootherprojectsinthesamearea. Rapidly increased demand of the petroleum products in Vietnam. As officially forecasted, the average growth of fuel consumption in Vietnam up to 2025 shall be 6.7% per annual. Vietnam should import around 11 million tons of petroleumproductsin2015and13.6milliontonsin2020. TheprojectisstronglysupportedbyVietnameseGovernment.
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CAMAUFERTILIZERPROJECT (SectorI:DownstreamProject:I4) 1. Project:CaMauFertilizerProject. 2. Location: Khanh An, U Minh, Ca Mau Province, belongs to Ca Mau GasPower FertilizerComplex. 3. Owner: Vietnam Oil and Gas Group (Petrovietnam). 4. Capacity:800,000tonesurea/year 5. Capitalinvestment:US$900.2million. 6. Economicefficiency:IRR:13.88%. 7. Financing: from various sources including: ECA, commercial loan from major Vietnam and International Banks upto70%debt. 8. PVNsexpectation:Partnersarewelcome toparticipateupto49%oftheProject. 9. Feedstocks:NaturalGassupplyfromPM3CAA46plotandCaiNuocreservoirs. 10. Products:Granularurea. 11. Overallplantsite:about52ha. 12. Mainprocessunits:Ammonia,ureaandgranulationunit. 13. Technology: AmmoniasynthesistechnologyofHaldorTopsoeSADenmark. UreasynthesistechnologyofSAIPEMItaly. SpoutFluidBedGranulationofToyoEngineeringCorp.Japan 14. Utilities/offsitefacilities: Steamgenerationsystem Flaresystem Instrumentandplantairsystem Nitrogengenerationsystem Demineralizationsystem Coolingwatersystem Ureahandlingandstorage(includeshiploaderforexportureatobarge/ship) Ammoniastoragesystem Wastewatertreatmentandeffluentsystem
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Firefightingsystem Potablewatersystem 15. Codeandstandardappliedfortheproject: Mandatory Vietnamese standard: Climate Data, Set of Hydrological Meteorological Atlas of Vietnam, seismic zone classification, Fire Prevention and Fire fighting, Environmental Regulations, Health, Safety, labor protection Regulations. Licensors Standards and Standard Drawings: Standards and Standard Drawings provided by LICENSORS are contained within the LICENSORS Basic Engineering Designpackages. Code and Standards applied in the Project are international (ASME, API, JIS) andVietnamesemandatoryregulationsonsafety,fireprotectionandespecially environment. 16. Epccontractor: The EPC Contract has been signed on May, 6th 2008 (became effective on July, 01st 2008) with Consortium of Wuhan Engineering Co., Ltd (WEC) and China NationalMachineryImportandExportCorporation(CMC)ledbyWEC. 17. Projectlife:25years. 18. Operationdays(perannum):333days. 19. Projectsschedule:Operatingfrombeginningof2012. 20. Currentstatus: Contractor has finished 59.57% of total planned workload, in which, design worksachieved 93.56%, procurementsachieved 74.15% andconstructiontasks achieved35.02%ofplannedtargets,respectively. 21. Governmentincentives: Importtaxexemptionformachineries,equipments,tools&sparepartsusedto makeupfixasset; VAT is refunded for importing machineries, equipments, tools & spare parts thatarenotproduceddomestically. Landleaseexemptionduringprojectlifetime. Corporate income tax: 10% for the first 15 years put in operation. Exemption 4 years since the first profit year and 50% deduction for the next 9 years following.
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22. OtherAttractiveness: Ca Mau fertilizers product is granulated Urea, which is suited to international Ureaconsumptiontrend. Ca Mau fertilizer is placed next to Mekong Delta, which is the biggest farming areanationwide,anditisthemaingateforexportingitsproductstoCambodia whichisalsoahugemarketforfertilizer. Ca Mau province is located in urea consumption area, so distribution cost to consumerscouldbeminimized.
PhuMyFertilizerplant
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DINHVUPOLYESTERPROJECT (SectorI:DownstreamProject:I5) 1. Project:DinhVuPolyesterProject 2. Location: Dinh Vu Industrial Zone, Dong Hai 2 Ward, Hai An District, Hai PhongCity, 3. Owner: Petrovietnam PetroChemical and Textile Fiber Company Jsc, (PVTEX) 4. Capacity:175,000tones/year 5. Capital investment: US$ 324,85 million. 6. Economic efficiency: NPV: US$ 65.46 million;IRR:16.35%. 7. Financing: Projects financing has been arranged from various sources PVN, ECAs, and commercial loans. Equity/debtratio:30/70. 8. PVNsexpectation:Partnersarewelcometodiscusstheparticipationpercentage. 9. Feedstocks:PTA,MEG. 10. Products:Polyesterstamplefible(PSF)andFilament. 11. Overallplantsite:about15ha. 12. Main process units: Esterification & Polycondensation; Polyester stample fible (PSF)andFilamentunit. 13. Technology: Polymer production using two reactions flask technology of Uhde Inventa Fishcher Germany.AmmoniasynthesistechnologyofHaldorTopsoeSADenmark. FilamentandFiberproductionlinesofBarmag&NeumagGermany. UreasynthesistechnologyofSAIPEMItaly. SpoutFluidBedGranulationofToyoEngineeringCorp.Japan 14. Utilities/offsitefacilities: Steam&CondensateSystem FuelGasSupplySystem WaterSupplySystem
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WasteWaterSysterm AirSupplySystem NitrogenSupplySystem PTAConveyingandStorage PETChipConveyingandStorage StapleFiberStorage FilamentStorage MEGImportLineandStorage 15. Codeandstandardappliedfortheproject: MandatoryVietnamesestandard:ClimateData,SetofHydrologicalMeteorological Atlas of Vietnam, seismic zone classification, Fire Prevention and Fire fighting, EnvironmentalRegulations,Health,Safety,laborprotectionRegulations. Licensors Standards and Standard Drawings: Standards and Standard Drawings provided by LICENSORS are contained within the LICENSORS Basic Engineering Designpackages. Code and Standards applied in the Project are international (AIA, API, JIS) and Vietnamese mandatory regulations on safety, fire protection and especially environment. 16. EpcContractor: The EPC Contract has been signed on May, 14th 2009 with HECLGIPVC (Hyundai Engineering LG International Petrovietnam Construction) and became effective on July,09st2009. 17. Projectlife:22years. 18. Operationdays(perannum):333days. 19. Projectsschedule:CommissioningandOperationbyearlyof2011. 20. Currentstatus: Theoverallprogress:56,92%hasachievedincluding: Engineering:achieved8,26/8,44%, Procurement:achieved38,51/67,64%, Construction:achieved9,15/22,93%, 21. Government incentives: Investors in the Dinh Vu Industrial Zone (DVIZ) enjoy a widerangeoftaxbenefitsincluding:
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Importtaxexemptionformachineries,equipments,tools&sparepartsusedto makeupfixedasset; Corporate income tax: 10% for the first 15 years put in operation. Exemption 4 years since the first profit year and 50% deduction for the next 9 years following. Personal income tax reduction of 50% is applicable according to the regulating rateforenterprisesoperateinDinhVuIndustrialZoneDVIZ). 22. OtherAttractiveness Hugedemandfortheprojectsproducts Locatedinaindustrialcity,nearbytheseaport,veryconvenientinbothseaway, roadwaytobigdomesticaswellasinternationalconsumptionmarkets.
DinhVuPolyesterPlantsStrategicLocation
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DUNGQUATUNDERGROUNDOILSTORAGETERMINALPROJECT (SectorI:DownstreamProject:I6) 1. Project: Dung Quat Underground OilStorageTerminal. 2. Location: Dung Quat Economic Zone, Binh Thuan Commune, Binh Son District, Quang Ngai Province, Vietnam. 3. Owner: Petrovietnam Oil Stockpile CompanyLtd(PVOS). 4. Capacity: 1,600,000 m3 (phase 1 andphase2). 5. Capital investment: US$ 340 millions(roughestimation). 6. Economic efficiency: NPV: US$19.39Million;IRR:15.2%. 7. Projectlife:70years. 8. PVNsexpectation:Partnerstoparticipateupto31%ofPVOSsshares. 9. Trafficsystem: RoadTransport: o Nextto6.5milliontons/yearBinhSonrefinery(Refinery#1) o 838kmfromHoChiMinhCity o 883kmfromHaNoiCity o Highway1AacrossQuangNgaiProvince o ProvincialroadconnectstoDaNangQuangNgaihighway o RoadwaysconnecttootherIndustrialZone o NewroadwaysconnectfromDungQuattoSaHuynh o RoadwaysconnecttoothernearEconomicZoneprovince RailwayTransport: o ConnecttoNationrailwaysystem Sea/OceanTransport: o 765kmfromHoChiMinhCity o 700kmfromHaPhongCity o 105kmfromDaNangCity o SaKyport25km,DungQuatport15kmfromnorthwestQuangNgaiCity.
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o Locatedinthecentralareaofcentralport AirTransport: o ChuLaiAirport:30kmfromChuLaiAirport 10. Majorfacilities: Undergroundcavern:1,600,000m3CrudeandProductOilstoragetanks. Jetty/SPM: o Refinery#1sSPM:110,000DWT(existing); o Refinery #1s Jetty: 15,000 DWT to 30,000 DWT (expandable to 50,000 DWT); o NewSPM:250,000DWT(willbeconstructed) Pipelinesystem: CrudeoilPipelinetoSPM o Length:2kmtoproposednewSPM o Diameter:TBA o Flowrate:TBA o Workingpressure:TBA CrudeoilPipelinetoRefinery o Length:7kmtoRefinery#1 o Diameter:32inch o Medium:Crudeoil 11. Projectsschedule:20102016(partialoperation). 12. Currentstatus:CompletionofPreFS. 13. Governmentincentives: CorporatedIncomeTaxincentives: 0%forfirst4years; 5%fornext9years; 10%fornext2years; 25%afterwards. ImportTaxincentive:0%forImportedEquipments 14. Otherattractiveness: Proximityto Dung Quat Refinery and Petrochemicalcomplex, located at thehigh growthratearea(keycentraleconomiczoneofVietnam); Safe, friendly environment and profitable investment thank to low construction andoperationcosts,longlifecircle; Attractpotentialcustomersbecauseofstrategiclocation.
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NGHISONUNDERGROUNDOILSTORAGETERMINALPROJECT (SectorI:DownstreamProject:I7) 1. Project: Nghi Son Underground Oil StorageTerminal. 2. Location: Nghi Son Economic Zone, Truc LamCommune,TinhGiaDistrict,Thanh HoaProvince,Vietnam. 3. Owner: Petrovietnam Oil Stockpile CompanyLtd(PVOS). 4. Capacity:1,200,000m3(phase1) 5. Capital investment: US$ 300 million (roughestimation). 6. Projectlife:70years. 7. Economicefficiency:Understudying 8. PVNs expectation: Partners to participate31%ofPVOSsshares. 9. Trafficsystem: RoadTransport: o Nextto10milliontons/yearNghiSonRefinery&PetrochemicalComplex. o 40kmfromThanhHoaCity. o 200kmfromHaNoiCity. o 1560kmfromHoChiMinhCity. o ProvincialroadconnectstoNationalhighway1A. o RoadwaysconnecttonearIndustrialZone. o RoadwaysconnecttomainpointnorthernEconomicZone. RailwayTransport: o NewrailwayacrosstoNationalHighway1 Sea/OceanTransport: o NghiSonPort:50.000DWT. o 145kmfromHaiPhongCity o 520kmfromDaNangCity o 1380kmfromHoChiMinhCity o 980kmfromNhaTrangCity o LocatedinhubportareaofNorthCentralVietnam. AirTransport:
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o Vinhairport:90kmfromNghiSonEconomicZone. 8. Majorfacilities: Undergroundcavern:1,200,000m3CrudeAndProductoilstoragetanks Jetty/SPM: o SPM:250,000300,000DWT(tobeconstructedbyRefinery#2) o Jetty:50,00080,000DWT(tobeconstructed) Pipelinesystem: ProductPipeline: o Length:2x7.5km11.5kmtoproposednewJetty o Diameter:TBA o Medium:Productoil CrudeoilPipeline o Length:7.5km11.5km o Diameter:48inch o Medium:Crudeoil 9. Projectsschedule:20102014(partialoperation). 10. Currentstatus:PreFSPreparation. 11. Governmentincentives: CorporatedIncomeTaxincentives: 0%forfirst2years; 10%fornext6years; 20%fornext20years; 25%afterwards. ImportTaxincentive:0%forImportedEquipments. 12. Otherattractiveness: Proximity to Nghi Son Refinery and petrochemical Complex, located at the high growthratearea. Safe, friendly environment and profitable investment thank to low construction andoperationcosts,longlifecircle. Attracttopotentialcustomersthanktostrategiclocation ENDOFDOWNSTREAMSECTOR
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SECTORII
POWER

CAMAUCOMBINEDCYCLEGAS POWERPLANT
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THAIBINH2COALFIREDPOWERPLANT (SectorII:PowerProject:II1) 1. Project: Thai Binh 2 Coalfired ThermalPowerplantproject 2. Location: My Loc commune, Thai Thuy district, Thai Binh province, Vietnam. 3. Projectowner: Petrovietnam PowerCorporation(PVPower). 4. Capacity: 1200 MW (2 units of 600 MW). 5. Investment capital: US$ 1,668 million. NPV: 6. Economic efficiency: US$168.09million;IRR:12%. 7. Financing source: from various sources PVN, national budget, ECAs,commercialloanswithEquity/Debt:30/70. 8. Objectives:PowersupplytolargeareaintheNorth,includingThaiBinh,HaiPhong, Hai Duong, Bac Ninh, Hanoi etc., contributing to stable and sustainable national network. 9. Maximumforeignequityownership:71%oftheProject. 10. Fuelandlimestone: - Main fuel: Vinacomin agreed to provide dust coal No.6B in Quang Ninh area in accordance with Vietnamese standard of having low heating value of around 4180Kcal/Kgandashcontentofaround40%. o Coal will be transported to the plant by sea way, a separate coal unloading stationfortheplantwillbeconstructed. o TotalcoalconsumptionforThaiBinh2TPPisaround4,151,160ton/year. o Averagecoalpriceduringprojectlife:~38.36USD/ton. - Secondary fuel: The plant secondary fuel during startup and support firing at boilerloadof<40%ratedloadwillbefueloilNo.2B(TCVN62392002) o Fueloilwillbetransportedbybargestotheplantoilport.
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o Oilconsumptionwillbe~10,800ton/year. o FOprice:~450USD/ton(excludingVAT). - Limestone: o Limestone is used for firing support in a CFB boiler for desulphurization in thefluegas,thewholeplantlimestoneconsumptionis~216,240T/year. o LimestoneisbasicallyexploitedintheareaofThuyNguyenHaiPhongand transportedbybargestothepowerplant. o Temporarylimestoneprice:~8.0USD/ton(excludingVAT) 11. Area:
- The plant internal area is approximately 265 hectares which will be leveled to elevationof+4.5m(Nationalelevationsystem). 12. Mainparameters: - Unitnumber:02 - Ratedoutputofunit(raw):600MW(RO) - Unitconfiguration:02CFBboiler+01turbine+01generator - Maximumaverageoperationhours:6,000hour/year - Auxiliarypowerrate:6.2% 13. Economicefficiency No 1 2 3 4 5 6
Economicindicators Powertariffatplantbusbar(cent/kWh) Financialdiscountfactor FinancialInternalrateofreturn(FIRR) NetpresentvalueNPV(millionUSD) B/C Paybackperiodwithdiscountrate
Value 5.718 9.20% 12.00% 164.62 1.065 15
14. Projectlife:25years 15. Projectschedule: - UnitNo.1(600MW):tobecompletedinQII/2014.

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- UnitNo.2(600MW)tobecompletedinQIV/2014. 16. Currentstatus: FeasibilityhasbeenapprovedbyPVN; ProjectsFEEDispreparing.
17. Projectattractiveness: - Governmental guarantees: The Ministry of Finance, acting on behalf of the VietnamsGovernment,willguaranteeforoverseasfinancingloans. - Supplying power to Thai Binh province and the North of Vietnam, ensuring power security of the national grid, reducing losses in transmission lines and improvingpowerquality. - Conformable with Master Power Plan and socioeconomic plans of Vietnam and theregion. - Suitable compensation & resettlement plan (up to now, land clearance and compensationarebasicallycompleted) - Morestableoutputbecauseofinvariablecoalsources. - Coal, oil, limestone, equipment and materials during construction could be transportedwithoutdifficultiesduetofavorableprojectlocation. - Supported by the Thai Binh People Committee, relevant ministries as well as internationalorganizations. - StronglyadvocatedbythepeopleinThaiBinhprovince.
Construction site of a coal-fired power plant ProjectSummary
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VUNGANG1COALFIREDPOWERPLANT (SectorII:PowerProject:II2) 1. Project: Vung Ang 1 Thermal Power PlantProject. 2. Location: Ky Loi commune, Ky Anh district, Ha Tinh province, within Vung Ang Economic Zone, 9 km from theNationalHighway1A. 3. Projectowner:Petrovietnam. 4. Capacity: 1200 MW (2 units of 600 MW). 5. InvestmentCapital:US$1.595billion. 6. Economicefficiency: - NPVf=116.72millionUSD, - IRRf=12%, - Paybackperiod14year, - Average Electricity Price of the ProjectUS$5.88/MWh. 7. Financing source: Projects financing has been arranged from various sources PVN,ECAs,andcommercialloanswiththeequity/debtratiois30/70. 8. Financingschedule: No. 1 2 3 4 5 ConstructionPeriod Year2009 Year2010 Year2011 Year2012 Year2013 Total CAPEX(excl.VAT)MMUSD 210.90 471.47 379.41 358.23 35.59 1,455.6
9. Maximumforeignequityownership:49%oftheProject. 10. Fuelsource:
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- Typeofcoal(otherfuel),calorificvalue:CoalType:AnthraciteDustCoalNo.5 (HG100)inaccordancewithVietnamStandard(TCVN1790:1999). - Coal (other fuel) prices (pricing formula): PVN and Vinacomin are under negotiation. 11. Area: 189.63ha 39.84ha. 2.93ha 7.00ha 131.70ha 8.16ha +8mabovemeansealevel
- Totalareas: o o o o o o
Plantconstructionarea: ProjectManagementBoardArea: Staffhousingarea: Ashpondarea: Otherareas: Siteelevation:
12. Mainparameters: - Fuel rate consumption: Coal consumption: around 3,000,000 tons/year and HeavyFuelOil(HFO):around14,400tons/year. - Mainconsumers:Connectionoptions:220kVVungAng1BaDon,220kVVung Ang1HaTinh,220kVVungAng1VungAngEconomicZone. - Salesvolume:AccordingtotheapprovedFS,theTmaxof6000hisequivalentto about 6.71bl kWh/year. However the actual volume will be mobilized by NationalDispatchCenter. 13. Projectlife:25years 14. Projectschedule: - Unit1:expectedtooperateinJuly2012. - Unit2:expectedtooperateinJanuary2013. - EPCContract:startedon27thApril2009 - EPCContractor:LILAMACorporation 15. Currentstatus - TheshipmentofBoilermaterials(anchorbolts)isdeliveredonsite. - StartUnit1BoilerMainSteelStructureon16thMay2010. - Fuel supply guarantee: VINACOMIN commits to supply coal from local mines in northernVietnaminlongtermforVungAng1PowerPlant. - Power pricing: EVN shall purchase electricity generated by Vung Ang 1 TTP for 30years.Ratesshallbeagreedbybothpartiesonbasisofmutualbenefits.
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- Powersalesguarantee:NoguaranteeofelectricitysalesisappliedincaseVung Ang1TTPisownedandinvestedbyPVNasastateownedeconomicgroup. 16. ProjectAttractiveness: - Governmental guarantees: The Ministry of Finance, acting on behalf of the VietnamsGovernment,willguaranteeforoverseasfinancingloans. - The project is strongly supported by Vietnamese Government and authority in HaTinhProvince.
VungAng1PowerPlantConstructionSiteasApril/2010
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QUANGTRACH1COALFIREDPOWERPLANT (SectorII:PowerProject:II3) 1. Project: Quang Trach 1 Thermal PowerPlantProject 2. Location: , Vinh Son village, Quang Dong Commune, Quang Trach District, Quang Binh Province, CentralofVietnam. 3. Projectowner:Petrovietnam. 4. Capacity: 1200 MW (2 units of 600 MW). 5. InvestmentCapital:US$1.668billion. 6. Financing source: From various sources PVN, ECAs, commercial loans 7. Economicefficiency: - NPVf=USD328.16million. - IRRf=12%. - Paybackperiod=13years 8. Financingschedule:(Unit:MillionUSD) No. Construction Period Year2010 Year2011 Year2012 Year2013 Year2014 Year2015 Total CAPEX(excl.VAT) Owner (USD) 7.926.306 31.705.225 155.355.601 131.576.682 85.604.107 63.410.449 475.578.370 Loan (USD) 0 0 399.485.830 344.001.687 310.711.201 55.484.143 1.109.682.862
1 2 3 4 5 6
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9. Maximumforeignequityownership:upto49%oftheProject. 10. Fuelsource: - ImportedBitumcoalfromAustraliaandIndonesia. 11. Area: :344ha :240ha :100ha :4ha :+5.1mabovemeansealevel
- Totalareas o o o o Inland Seaarea Roadareas Siteelevation
QuangTranh1location:VinhSonVillage,QuangDongCommune
- Mainparameters: - Fuel rate consumption: Coal consumption: around 3,166,000 tons/year and Diesel Oil(DO):around4,218tons/year. - Mainconsumers:Connectionoptions:500kVQuangTrach1VungAng2(25km). - Salesvolume:AccordingtotheFS,theTmaxof6500hisequivalenttoabout8.43bl kWh/year. However the actual volume will be mobilized by National Dispatch Center. 12. Projectlife:25years 13. Projectschedule: - Unit1:expectedtooperateinJune2015.
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- Unit2:expectedtooperateinDecember2015. 14. Currentstatus - Startinfrastructureconstructionon11thSeptember2010. - FeasibilityStudyisexpectedtobeapprovedbyinDecember2010. 15. Projectattractiveness: - Governmental guarantees: The Ministry of Finance, acting on behalf of the VietnamsGovernment,willguaranteeforoverseasfinancingloans. - The project is strongly supported by Vietnamese Government and authority in Ha TinhProvince.
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LONGPHU1COALFIREDPOWERPLANT (SectorII:PowerProject:II4) 1. Project: Long Phu 1 Thermal PowerPlantProject. 2. Location: Long Duc commune, Long Phu district, Soc Trang province. 3. Projectowner:PetroVietnam 4. Capacity: 1200 MW (2 units of 600MW). 5. Investment capital: US$ 1.595 billion. 6. Economic efficiency: NPV: US$ 114.74 Million; FIRR: 12%. Paybackperiod:18years. 7. Financing sources: from various sources PVN, national budget, ECAs,commercialloanswithEquity/Debtratio:30/70. 8. Objectives:
- Meeting the demands for Viet Nams development, securing the power supply forVietNam; - Contributing to the development of local industry and creating job opportunitiesforlocalcitizens. 9. Maximumforeignequityownership:71%oftheProject. 10. Fuelsource: - ImportedcoalfromAustraliaorIndonesia. - Transportation plan: Since vessels accessing from Hau River are limited to 10,000 15,000 DWT capacity only, coal shall be imported through an intermediateport.Fromtheintermediateport,itwillbetransportedby10,000 DWTcoalbargeorshiptothepowerplants,includingLongPhu1. - Coalprice:withFOBcoalpriceofIndonesiaat6265USD/ton,coalpriceatthe Long Phu 1 power plant will be about 91 110 USD/ton depends on the locationoftheintermediateport. 11. Area:
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- Totalarea:around115ha. - Long Phu 1 Thermal Power Plant is located in Long Phu Power Complex project (totalareaofabout420.5ha),whichismanagedbyownerandlocalauthorities. 12. Mainparameters: - Rated Capacity: 2x600MW units with conventional technology, once through pulverized coal fired boiler with reheat, super steam pressure, advanced combustiontechnology(lowNOx),equipments; - Minimumcapacity:42.14%; - Power expose: 7.8 GWh, Tmax: 6,500 hours, power expose to bus bar: 7.13 GWh; - Fuel: Imported coal (bituminous or subbituminous) with heat value: 5500 6100kcal/kg,FOorHFOoilandlimestone; - Cooling water supply system: brackish water/fresh water from Hau River with flowrateof56m3/s; - Clean water supply system: Clean water from Hau River and pretreated, desalinationanddemineralizationforboilerfeedwater. - Electricsystemofthepowerplant:220kV/500kVswitchyardsystem. - Basic characteristics of boiler at rated capacity: 2 units, using conventional technology,oncethroughpulverizedcoalfiredboiler - Basiccharacteristicsofturbineatratedcapacity: - Generator: Rated capacity: 600MW, Coefficient: 0.85/0.9, Frequency: 50Hz, revolution:3000r/m 13. Projectlife:25years. 14. Projectschedule: CommercialoperationdateofUnit1:5/2015; CommercialoperationdateofUnit2:9/2015.
15. Currentstatus PVNhavealreadyapprovedfortheFSofLP1powerplant. Completionofprojectsite/landclearance. FEEDconsultancycontractsignedonApril29,2010.
16. Projectsattractiveness: The project is strongly supported by Vietnamese Government and Soc Trang Province;
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ProjectSummary
Governmental guarantees: The Ministry of Finance, acting on behalf of the VietnamsGovernment,willguaranteeforoverseasfinancingloans. The position of project is suitable for the coal transportation and the water resource(onthebankofHauRiver).
17. OtherInformation: Followingaretheprojectsthatshouldbeimplementedpriortooratthesame timewiththeLongPhu1powerplantproject: InfrastructureoftheLongPhuPowerComplex, PowergridsynchronizingwiththeLongPhu1powerplant, Intermediateportofcoal, CanalforhighcapacityvesseltravelinginHauRiver(QuanChanhBocanal).
CaMauCombinedcycleGasPowerPlant(CaMauprovince)
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SONGHAU1COALFIREDPOWERPLANT (SectorII:PowerProject:II5) 1. Project: Song Hau 1 Thermal PowerPlantProject 2. Location:PhuHuuACommune, ChauThanhDistrict,HauGiang Province. 3. Owner: Vietnam Oil & Gas Group 4. Capacity: 1,200MW(2unitsof 600MW). 5. InvestmentCapital:US$1,812 million. 22. Economicefficiency:NPV: US$253million;FIRR12%. PaybackPeriod:20years. 6. Financing sources: from various sources PVN, national budget, ECAs, commercial loans with Equity/Debt:30/70. 7. Objectives: - Meeting the demands for Viet Nams development, securing the power supply forVietNam; - Contributingtothedevelopmentoflocalindustry. 8. Maximumforeignequityownership:71%oftheProject. 9. Fuel source: imported coal transported through an intermediate port to Song Hau 1powerplantby10,000DWTvessels. 10. Area: - Song Hau 1 Thermal Power Plant is located in Song Hau Power Complex project (thetotalareaofabout367hawhichismanagedbyownerandlocalauthorities - Area of the power plants and ancillaries; construction yard and storage and commoninfrastructures:196ha. - Ashdisposalyard:147ha. - Transmissionlinecorridorof500kVswitchyard:17ha. - Roadsinpowerplantcomplex:7ha.
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ConstructionareaofSongHau1No.1PowerPlant:139,5ha.Including: - PowerplantandBOP:52.5ha. - Ashdisposalyard:47ha. - 500kVswitchyard:8.0ha. - Coolingsystemandothers:41.5ha. 11. Mainparameters - Rated Capacity: 2x600MW units with conventional technology, once through pulverized coal fired boiler with reheat, super steam pressure, advanced combustiontechnology(lowNOx),equipments; - Minimumcapacity(HHV):40.61%; - Power expose: 7.8 GWh, Tmax: 6.500 hours, Power expose to bus bar: 7.293 GWh; - Fuel: Imported coal (bituminous or subbituminous) from Australia or Indonesia withheatvalue:5,6425,932kcal/kg,FOorHFOoilandlimestone; - Cooling water supply system: brackish water/fresh water from Hau River with flowrate:50m3/s; - Fresh water supply system: Fresh water from Hau River and pretreated, desalinationanddemineralizationforboilerfeedwater. - LimestonewillbefromKienGiangorMiddleNorth - Electricsystemofthepowerplant:500kVswitchyardsystem. - Basic characteristics of boiler at rated capacity: 2 units, using conventional technology,oncethroughpulverizedcoalfiredboiler - Basiccharacteristicsofturbineatratedcapacity: - Generator: Rated capacity: 600MW, Rated voltage: 21kV, Excitation system: Staticexcitation. - Fluegascontrolequipments:ESP,FGD,SCR - Heightstack:150200m. 12. Projectlife:25years. 13. Projectschedule: - CommercialoperationdateofUnit1:2015; - CommercialoperationdateofUnit2:2016. 14. Currentstatus: PVNnowisassessingfortheFeasibilityStudyofSongHauNo.1powerplant. Siteclearanceandlandlevelinghasbeenstartingon27/08/2010.
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ProjectSummary
FeasibilityStudyisexpectedtobeapprovedinDecember2010.
15. Projectattractiveness: - Theprojectslocationiseasytoaccessforcoaltransportationfromseaway. - The project is strongly supported by Vietnamese Government and Hau Giang Province; - PossibilitytoobtaintheGovernmentguaranteeforoverseafinancingloans.
NhonTrach1CombinedcycleGasPowerPlantinDongNaiprovince
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DAKRINHHYDROPOWERPLANT (SectorII:PowerProject:II6) 1. Project: Dakdrinh Hydropower plantproject 2. Location: Son Tay District, Quang Ngai Province and KonPlong District, KonTum province, Vietnam 3. Projectowner: Dakdrinh HydropowerJointStockCompany 4. Capacity:125MW(02units) 5. Investment capital: US$ 153 million. 6. EconomicEffectiency 7. Financing source: Financing has been arranging from various sources including: PVN, national budget, ECAs, commercial loans (PVFC, BIDV, Credit Agricole) with Equity/Debt ratio 30/70. The Facility Agreement is supposed to be signed in QI/2011. 8. Maximum foreign equity ownership: Partners are welcome to discuss participationpercentage. 9. Objective: According to grand development plan of Vietnam Electricity Grid in 20012020 (Master Plan 6), national power demand in 2010 and 2020 is 70.4 billion KWh and 167 billion KWh correlatively. In order to meet that demand, it is essential to promptly construct power plants, especially the study of exploitation and resources of hydropower. Report on Dakdrinh Dakdrinh hydropower investment project is in the study program on hydropower of Tra Khuc River to optimize scale and locate Dakdrinh hydropower project to increase electricity supply in the Central which helps to improve infrastructure of Son Tay district of Quang Ngai province and KongPlong of Kon Tum province. These areas are underdeveloped.TheprojectwillsupplywatertoThachNhamLakeandDungQuat Industrial Zone in dry season and eliminate flood in the downstream in the flood season.
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Project
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10. Area:Acquiredland22.932.000m2 11. Mainparameters: No. 1 1.1 1.2 1.3 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 3 3.1 3.2 3.3 3.4 3.5 4 4.1 4.2 4.3 Mainparameter
Unit km2 m3/s 106m3 m m m m km2 106m3 106m3 106m3 m3/s m3/s m3/s m3/s m m m
Value I II
Projectcategory(forconstructionworks) Categoryforenergyalternativeandpowerplant Catchmentsspecification Catchmentsareatotheselectedalternative(Flv) Averageflowperyears(Q0) Totaldischargeflowperyear(W0) Reservoir Normalwaterlevel(MNDBT) Deadwaterlevel(MNC) Waterlevelwithdesignedflooddischarge(MNGC) Waterlevelwithcalculatedflooddischarge (MNKT) Reservoirareawithnormalwaterlevel Totalvolume(Vtb) Usefulvolume(Vhi) Deadvolume(Vc) Flow Assuredflow(Q90%) MaxflowthroughthePowerhouse(Qmax) Flooddischargeatthefrequency: P=0,02%(examination) P=0,1%(design) Head Maximunhead:Hmax Avaragehead:Hbq Minimunhead:Hmin
420,00 31,89 1005,7
410,00 375,00 411,43 414,88 9,124 248,51 205,18 43,33
12,78 51,95
12638,7 9264,4
330,52 309,20 257,23

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ProjectSummary
4.4 5 5.1 5.2 5.3 6 6.1 6.2 6.3 6.4
Calculatedhead:Htt WaterlevelatthedownstreamofthePowerhouse Maximunwaterlevel(Qx0,1%) Maximunwaterlevel(Qx0,5%) Minimunwaterlevel(1unit) Energyindex Installedcapacity(Nlm) Assuredcapacity(Nb) AvarageOutputperyears(Eo) Hours
m m m m
275,00
90,36 88,53 75,56
MW MW 106 KWh hour
125,00 38,85 540,246 4322
12. Economicefficiency No. 1 2 3 4 5 Case Electricprice0.046USD/kWh Electricprice0.048USD/kWh Electricprice0.050USD/kWh Capital+10% Energy 5% Capital+5%,Energy 5% 1yearbehindschedule Electricprice0.055USD/kWh Capital+10% Energy 10% Capital+10%,Energy 10% 2yearbehindschedule ElectricPrice0.057USD/kWh Capital+10% Energy 10% Capital+10%,Energy 10% 2yearbehindschedule FIRR (%) 9,51 10,20 10,89 10,26 10,69 9,86 9,80 12,57 11,92 11,43 9,75 9,72 13,27 12,56 12,10 10,36 10,19 B/C 0,98 1,01 1,05 1,01 1,04 0,99 0,99 1,13 1,10 1,07 0,99 0,98 1,16 1,13 1,11 1,02 1,01 NPV (BillVND) 61,570 30,280 121,830 38,653 90,483 14,340 20,953 344,670 268,108 182,099 29,730 39,045 436,670 356,474 265,681 53,080 36,020
13. Projectlife:40years. 14. Projectschedule:
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- Dischargewaterthroughdiversiontunnel:July2009 - OperationofUnit1:QuarterIII/2013 - OperationofUnit2:QuarterIV/2013 15. Current status: Deploying the preparation works, auxillary works for discharge waterthroughdiversiontunnelonJanuary2011 16. Projectattractiveness: - Hydro Power plant project has features of low industrial gas emission therefore, more advantageous in developing CER project in order to get benefit from the carbonmarket(CDM). - Input of a hydro power plant is derived from water energy source, causing no costforinputfactors,besidestheenvironmentalfee. ENDOFPOWERSECTOR
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SECTORIII
SEAPORT

PETROLEUMSERVICEPORTINVUNGTAU
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PHUOCANPORTPROJECT (SectorIII:SeaportProject:III1) 1. Project name: Phuoc An Port Project. 2. Location: Southern Focal Economic Region, the water gate of the SouthernVietnam. 3. Owner: PetroVietnam Phuoc An Port Investment and Operation JSC (PAP). 4. Shareholders: - PetroVietnam:80% - Dong Nais People Committee: 15%; - Others:5%; 5. Capacity: - 4.1millionTEU/year; - 6.5millionTon/year(Generalcargo) No Type Unit 2013 1 2 Container General cargo Total: TEU/year Ton/year Ton/year Ton/year 630,000 7,245,500 7,245,000 Operation Stages 2015 1,366,000 15,709,000 2,000,000 17,709,000 2020 4,100,000 47,150,000 6,500,000 53,550,000
6. InvestmentCapital:US$870 million Inordertomaketheprojecteffective andreceiveturnover withintheshortest periodoftime, theproject is dividedinto five investment stages, operation startsas soon asthe construction oftheberth No.1isfinished, thestages areas follows:
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No 1 2 3 4 5 Stage 1 Stage2 Stage3 Stage4 Stage5
Stage
Capital(USD) 100million 195 million 188 million 233 million 154million 870million USD
Estimated investment capital
TheestimatedcapitalinvestmentexcludedVAT(10%)andcontingencycost(10%)
7. Economiceffeciency:NPV:US$75million;IRR:17%. 8. Maximum foreign equity ownership: Partners can invest in maximum up to 49% ofchartercapitalinPhuocAnPortProject. 9. Mainparameters: - PortCapacities: o Totallandarea:183ha; o Totalberthlength:3,050meters; o Waterdepthofriver:15m; o 06Containerberths(60,000DWT/berth); o 04Generalcargoberths(60,000DWT/berth); - LogisticZoneCapacities(5kmawayfromtheport); o Totallandarea:555ha; o ICDservices; o Containerandgeneralcargoterminals; o Preproductionprocessingimport/export; o Liquid storage yard (oil, gas etc) with the main purpose is to serve the refineryfactoryandtheLongThanhInternationalAirport; o Warehouseservices; o Officebuilding; o Apartmentbuilding
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o Entertainmentfacilities; o Andotherslogisticsservices. 10. Traffic System: The location of Phuoc An Port is not only closed to economic hub of Vietnam but also has a very convenient traffic system with connection to all the lifeline traffic route of the region such as roads, seaways, airways, and railways. 11. Natural Conditions: PortandLogisticZonearenotaffectedbynaturalcalamitylike flood or infiltration,storm,tide.etc. 12. Current status: - Completedworks: o Surveyforcadastralmap; o Geologicalsurvey; o Detailedplanningforconstruction1/2000; o Detailedplanningforconstruction1/500; o Reportforenvironmentalimpactstatement; o CompanysInvestmentLicense; o Cadastralsurvey1/2000; o Approveddecisionfortotalcompensation; o Reclamationdecisionfortotalprojectarea). - Ongoingworks: o Draftingdetailedcompensation; o Planning1/500Logisticzone; o ProjectinvestmentBasicdesign; o DetaileddesignPhase1. 13. ProjectAttractiveness: - StrongsupportfromPetroVietnamandDongNaisPeopleCommittee - Biggestport(183ha)inVietnamwiththeberthlengthmorethan3km. - Biggest Logistic zone with the area of 555 ha with multifunctions to support theportoperation. - Located in the largest national economic centre with important industries and inoneofthebusiestcommercialareasinVietnam.
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- Located in the busiest transportation region of cargo and container volume throughSouthernFocalEconomicRegionofVietnam. - The traffic through this region is recorded to account for 75% of cargo volume ofVietnam. - In good condition of transportation, such as: by road, by waterway, by air and bytrain. - Port and Logistic zone are not affected by natural calamity, such as: storm, flood,tide,etc..
PhuocAnPortPerspectiveDrawing
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NGHISONPORTPROJECT (SectorIII:SeaportProject:III2) 1. Project: Based and Transferred NghiSonport. 2. Location: Nghi Son Economic Zone, Tinh Gia district, Thanh Hoaprovince. 3. Project Owner: Petroleum Technical Service Corporation (PTSC) 4. Capacity:2milliontons/year. 5. Investment Capital: US$ 28.1 million. 6. Economic effeciency: Under studying. 7. Maximum foreign equity ownership:49%oftheProject. 8. Purpose: To serve the export import demands of goods and raw materials, machinery and equipment, general goods, containers in Nghi Son economic zone and other enterprises. 9. Mainparameters: - PortNo.1:165mlength,startedoperationin2002,capacityupto10,000DWT; - PortNo.2:225mlength,startedoperationin2007,capacityupto30,000DWT; - Landarea:9ha; - ForecastofgoodstransportingthroughNghiSonPort: Description Unit 20102015 20152020 3,000,000 10,000,000
Totalgoods Tons/year
10. TrafficSystem:convenienttransportationthroughroads,railwaysandseaways - 14kmawayfrom1ANationalHighway;
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- Railway through Thanh Hoa Province with 9 stations to facilitate transport of rawmaterialsandproducts; - Closetointernationalmaritimeroutes. 11. Currentstatus:Underoperationat150%ofportcapacity. 12. ProjectAttractiveness: - LocatedSouthofBienSonnaturalbreakwater. - The port can be expanded to accommodate 50,000 DWT ships. It is considered thebestlocationinCentralVietnamtodevelopdeepwaterport. - DemandsarehigherthanthecapacityofNghiSonPort - Nghi Son port is located in Nghi Son Economic Zone, a dynamic investment environment. Providing good incentives and transparent investment policies, it has attracted foreign investors to invest in largescaled projects in refinery, petrochemical,shipbuildingandrepairetc.
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HONLAPORTPROJECT (SectorIII:SeaportProject:III3)
1. Project: Expanding the second phaseofHonLaPort. 2. Location: Hon La Economic Zone, Quang Dong district, Quang Binh province. 3. Project owner: Petroleum Technical Service Corporation (PTSC). 4. Capacity:1.2milliontons/year. 5. Investment Capital: US$ 21.2 million. 6. Economic efficiency: NPV: US$3.8million.IRR:12.94%. 7. Maximum foreign equity ownership:49%oftheProject. 8. Purpose: to supply goods demand through area for socio economic development of Quang Binh province, construction and operation of manufacturing factories in Hon La economiczone,aswellascementindustryintheprovince. 9. Mainparameters: No. 1 Landarea:9ha; HonLagulfarea:9km2; ForecastofgoodstransportingthroughHonLaport: Descriptions Goodsforsocioeconomic developmentinQuangBinh province GoodsforHonLaeconomiczone Unit Tons/year 20102015 20152020 450,000 650,000
Tons/year
360,000
1,350,000
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Goodsforcementindustry Total
Tons/year Tons/year
450,000 1,260,000
1,200,000 3,200,000
10. Trafficsystem: 3kmfromNationalHighway1A; 179kmfromChaLo(VietnamLaosbordergate); 301kmfromTaKhet(LaosThailandbordergate); 40 km from Song Gianh cement factory, through National Road No. 1 and No. 12; 61kmbywaterwayfromGianhriver; 5.56nauticalmilesfromcoastalmaritimeroutes; 360kmfrominternationalmaritimeroutesoftheEastSea; InthemiddleoftwolargecentralportsinDaNangandHaiPhong; DistancefromHonLaporttootherportsintheregionisasfollows: o NghiSonport: 110km o CuaLoport: 74km
o BenThuyport: 79km o XuanHaiport: 76km o VungAngport: 25km o Gianhport: o NhatLeport: o CuaVietport: 25km 65km 369km
o HaiPhongport: 664km o DaNangport: 11. Currentstatus: 100m existing jetty with capacity up to 10,000 DWT started operating in April 2009. 115mjettyexpectedtostartoperationin2011withcapacityupto10,000DWT or simultaneously 02 ships with less than 10,000 DWT in order to push up port capacityto1.2milliontons/year. 386km
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12. Projectattractiveness: Thenaturalbreakwaterhelpsprotecttheportfromwavesandwind. Convenientlocationforexpansiontoaccommodateshipsupto100,000DWT. DemandsarehigherthancapacityofHonLaPort.
PetroleumService PortinVungTauCity
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PVTRANSINTERNATIONALPORTPROJECT (SectorIII:SeaportProject:III4) 1. Project:PVTransInternationalPort. 2. Location:DzungQuatEconomicZone, BinhThuancommune,BinhSon district,QuangNgaiprovince. 3. Owner:PetrovietnamTransportation Corporation(PVTrans). 4. Capacity:vesselsupto50,000DWT. 5. InvestmentCapital:US$37.3million. 6. Economicefficiency: NPV:US$10.58million; IRR:15.44%; PaybackPeriod:12years.
7. Financing:Equity/Debtratio:30/70. 8. Maximumforeignequityownership: 49%oftheProject. 9. Purpose: To transport cargo for Dung Quat Economic Zone and provide logistics services for PV Trans fleets and for other clients. Transportation demands are estimated at 1.2 1.7 million tons/year from 2010 and 2.9 4.3 million tons/yearby2020. To meet logistics demands for PVTrans and other companies ships. The logistics arrangements are very important to PVTrans since it will be responsible for frequent transportation of 6,500 KMTA Dung Quat Refinery crudeoilandoilproducts.
10. Mainparameters: Totallandarea:16.2ha; Totalwaterarea:2.9ha; Berthlength:290m; Officebuilding:2,000m2; Warehouse:

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ProjectSummary
o ContainerFreightStation(CFS):2,700m2; o Generalcargowarehouse:4,095m2; o Factory:1,404m2,forreparationandstorageofequipment. Outdooryard: o Containeryard:14,070m2; o Emptycontaineryard:2,800m2; o Generalcargoyard:31,760m2; Utilities: fuel station, water pump station, transformer station, 80ton balance, firefightingequipment. Technology: o Packedgoods:cranes,trucks,forklifts. o Unpackedgoods:cranes,conveyors,trucks o Container:cranes,trailers,reachstackers/forklifts. 11. Constructionschedule:20112015 12. CurrentStatus:Developingconstructiondesign. 13. ProjectAttractiveness: Only1.37%ofVietnamportscanreceivevesselsover50,000DWT. NearbyDungQuatEconomicZone. The project receives special investment preferences and support from the GovernmentandPeoplesCommitteeinQuangNgaiProvince.
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PETROVIETNAMTRANSPORTATIONCORPORATION COMPANYPROFILE (SectorIII:SeaportProject:III5) 1. Companyname:PetroVietnam TransportationCorporation (PVTrans). 2. Location:4thFloor,H3Building, 384HoangDieuStreet,Ward6, District4,HoChiMinhcity. 3. Dateofestablishment:May27, 2002. 4. Operationlicense:Business CertificateNo.0302743192dated March30,2010 5. Plannedcharteredcapital contribution: Year 2010 2011 2012 2013 2014 2015 125.7 127.1 143.2 156.4 193.7 248.5
Project
CharterCapital(US$million)
6. Equity(asofDecember31,2009):US$77.8million
7. Liabilities(asofDecember31,2009):US$223.7million 8. Shareholders: - PVN: 58.40% 41.60% 100%
- Minorityshareholders: Total
9. Businessactivities - Owning,operatingandcharteringcrudeoil,oil products,gasproducts,andchemicaltankersaswell asoffshoresupportvesselsandothercargoships; - Owning,operatingandcharteringFPSO/FSO; - Providingoffshorepetroleumtechnicalservices includingmarinesurvey,fabrication,installation,maintenanceandrepairofoil andgasfacilities; - Operatingonshoreportlogisticsandsupplybases;

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- Supplyingmanpowerformarineandoffshorecrew;
- Shipbrokerageandagency;andotherrelatedmarineservices;
- Roadandinlandwaterwaytransportationincludinggastaxis,LPGtrucksand busses; - Freightforwardingandinternationalmultimodaltransportation;
- Procurementandsupplyofmaterialsandequipmentforoilandgasand transportationindustries; - Othercommercialandfinancialinvestmentservices. 10. Revenue(2009):US$111.9million 11. Netprofit(2009):US$0.47million 12. ROE(2009):0,60%.
13. ExpectedNetprofit(2010):US$6.8million 14. ExpectedROE(2010):2,23%
15. Maximumforeignequityownership:partnersarewelcometodiscussthe participationpercentageupto18%PVTransshares. 16. Otherinformation
- MarinebusinessissupportedbytheVietnameseGovernment; - PVTransisthebiggestVietnamsshippingcompanyinOilandGas transportation;
- 100%crudeoilinputand100%gasoline&dieseloutputforDungQuatRefinery whichwillcover33%ofgasoline&dieseldemandinVietnam; - CommitmenttoHSEDNVISO9001:2008;
- Opportunitiestooperatesupplyservices,includingtransportofcrudeoiland oilproductsforPVNsrefineryNo2&3in2014&2015;coalsfor05PVNs powerplants; - PVTranswaslistedonHochiminhStockExchangein2007withcode(PVT). ENDOFSEAPORTSECTOR
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SECTORIV
REALESTATE &INDUSTRIALPARK

PETROVIETNAMHEADQUARTER OFFCICE
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DANANGRIVERSIDEHOTEL (SectorIV:RealEstate&IndustrialParkProject:IV1) 1. ProjectName:DanangRiversideHotel. 2. Location:A30TranHungDaoSt.,Son TraDist.,DaNangcity,VietNam 3. ProjectOwner:MienTrungPetroleum ConstructionJSC(PVCMT). 4. Projectobjectives: Diversificationofindustries,strategic developmentofthepetroleum industryVietnamto2015and orientationto2025ofVietNamoil andgasGroup. Increasingbrandforcorporationsas wellascompaniesinCentralViet Nam,increasingthevalueofshares onthemarket. Creatingstableandlongterm revenueforcompany.
Project
MeetingthestrategicdevelopmentofcompanyinCentralVietNam. Facilitatingthedevelopmentofurbaninfrastructuresystems,providingtravel servicestouptodatestandardsintermofcommunitysatisfaction. ContributingtoDaNang'sfundsoftravelservicesandothersfundprojectsfor tourismindustry,creatingmorechoicesforaccommodationneedsoftourists, expertsandentrepreneursinthecountry. Contributingtothestatebudgetthroughtaxes.
5. Capacity: a) DaNangRiversidehotel(ExistingStage1):14storeyshoteland3storeys restaurant. 14Apartments; 06SuiteRooms; 33SuperiorRooms; 54Deluxe/VIPRooms; 02ConferenceRooms: Capacityfrom20to700

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ProjectSummary
guests,equippedwithmodernfacilitiesforprofessionalmeetings, conferencesandseminars; 01Restaurant(FoodandBeverage):Nowarmspace,openspaceandluxury with700guests,isdecoratedsplendid,soundequipment,lighting.
b) DanangRiversidehotel(Expansionstage2). 21floorsTowerincludedCommercialCenter,53rentaloffices,153 apartmentsandrecreationalareas.
6. Schedule: 1.DanangRiversideHotel(Stage01,Existing):UnderOperating 2.DanangRiversideHotel(Stage02):LookingforcoInvestors 7. Totalinvestmentcapital: 1.DanangRiversideHotel(Stage01,Existing):US$9.1million 2.DanangRiversideHotel(Stage02):EstimateofUS$27.6million 8. Economicefficiency:NPV:USD$9,8million;IRR:12,12% 9. Maximumforeignequityownership:Tobediscussed 10. Attractiveness: LocatedintheheartofDanangCityontheHanRiverlookingoverthedowntown business district 2 kilometers from the international airport and the railway station. Nearby Cham Museum, 2 kilometers from The Son Tra Peninsula providing scenic beauty with mountains (Marble Mountain), coastal views and beachesfortheecologicaltourist
DaNangRiversideHotelatFireworksFestivalnight
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TANVIENINTERNATIONALLUXURYTOURISTAREA (SectorIV:RealEstate&IndustrialParkProject:IV2) 1. ProjectName:TanVienInternational LuxuryTouristAreaProject. 2. ProjectOwner:PetrovietnamPremier RecreationJointStockCompany(PVR). 3. Location:BaViDistrict,HanoiCity, Vietnam 4. Projectobjectives:TourismComplex, Golf&Resorts... 5. Capacity:1204ha(includesislandarea &exclusivewaterarea) 6. Schedule:20102020 PHASE1(20102013):158.34ha A18holegolfcourseonisland (Privatecourse) Villasandresort Gambling 5starhotelandluxuryspa Waterpark LightTower TourismServicescenter
Project
7. Totalinvestmentcapital:US$234.5 million 8. Economicefficiency:NPV:US$15.2 million;IRR:16,04%;Payback:5,5years; 9. Maximumforeignequityownership:Tobediscussed. 10. Currentstatus: - Detailplanofconstructionscaled1/500isundersubmissionforapproval; - CarryingoutCompensationandLandAcquisition; - MakingInvestmentProjectonInfrastructureforlandproviding.
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11. Attractiveness: - StrongsupportfromHaNoiauthrorities - OneofthemostattractiveinlandresortinVietNam - 40kmfromthecenterofHaNoi
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CT1011BUILDINGOFVANPHUNEWURBANAREA (SectorIV:RealEstate&IndustrialParkProject:IV3) 1. ProjectName:CT1011BuildingofVan PhuNewUrban 2. Location:VanPhuNewUrban,HaDong district,Hanoi 3. ProjectOwner:PetrovietnamPremier RecreationJointStockCompany 4. Objectives:ResidentialComplex Buildingandservices 5. Capacity: Landarea:7.023m2 Buildingdensity:49.70% Constructionareas:3,490m2 Numbersoffloors:39 NumbersofBasement:2 Totalfloorareas:112.055m2 Investmentpreparation:Quarter III/2010 Startingdate:QuarterIV/2010 Handoverdate:QuarterIV/2014 7. Totalinvestment:US$71million. 8. Economicefficiency: NPV:14,4%; IRR:15,07%; Payback:3yearsand11months.
Project
6. Schedule:20102014
9. Maximumforeignequity ownership:Tobediscussed. 10. Currentstatus:Carryingout discussioninordertosigntheContractoflandandprojectstransfer. 11. Attractiveness LocatedinoneofthehottestnewurbaninHaDongDist. Readyforconstruction.
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HALONGPLAZA (SectorIV:RealEstate&IndustrialParkProject:IV4) 1. Project's name: Halong Office and HotelPlaza. 2. Location: Clock Tower, Tran Huong DaoDistrictandBachDangDistrict,Ha LongCity,QuangNinhProvince. 3. Owner: PetroVietnam Premier Recreation Joint Stock Company & Megastar Real Estate Joint Stock Project Company 4. Summary: Halong Office and Hotel Plaza is one of the major projects in Ha Long city with 02 modern buildings of 21 storeys, separated functional space.BeingthelandmarkoftheClock Tower, the buildings will satisfy accommodation demands for tourists of Halong Bay the World Heritage Site. 5. Totalarea:10,000m2. 6. Schedule:ConstructionstartedonFebruary3/2010andwillcompletein2013. 7. Totalinvestment:US$47.1million. 8. Economicefficiency:NPV:1.5million;IRR:14.4%. 9. Currentstatus: Underconstruction. 10. Maximumforeignequityownership:Tobediscussed. 11. Attractiveness: - LocatedinthemostexpensiveareainQuangNinhProvince; - Readyforconstruction.
HaLongPlazalocatedinHaLongBay theWorldHeritageSite ProjectSummary
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PHUOCKHANHRESIDENTIALAREA (SectorIV:RealEstate&IndustrialParkProject:IV5) 1. Projectname:PhuocKhanhResidentialArea. 2. Location: The project is located on 54.8 ha area in Phuoc Khanh Commune, Nhon Trach District,DongNaiProvince The Northern area borders with Ong ThuocRiverandTacMieuirrigationditch. TheSouthernareaborderswithHuongroute toPhuocKhanhPeoplesCommittee. The Eastern area borders with resettlement areaofPhuocKhanhcommune(phase2). The Western area borders with small irrigationditch.
Project
3. Projectowner:PetroVietnamPowerReal EstateJSC(PVPowerLand). 4. Purpose: Infrastructureconstructionfor PhuocKhanhResidentialArea. 5. Capacity: 8,000habitants. 6. Schedule: PhaseI: Investmentpreparation: Relocationandcompensation: QII/2008QIV/2009
QIII/2010QIV/2011
Technicalinfrastructureconstruction: QIII/2011QI/2013 Equipmentprocurement: QIV/2011QII/2013
PhaseII: Relocationandcompensation: QIV/2013QIV/2014
Technicalinfrastructureconstruction: QIV/2013QIV/2014 Equipmentprocurement:QIII/2014QI/2015"
7. Totalinvestmentcapital:US$36million 8. Economicefficiency: NPV:US$500,000;

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ProjectSummary
IRR:17,26%;
9. Currentstatus:Investmentpreparation 10. Maximumforeignequityownership:tobediscussed. 11. Attractiveness: SuitablewiththeMasterPlanofNhonTrachcity;andthedetailedplan1/500ofPhuoc Khanhresidentialareaisapproved; Convenienttrafficroadtothecentralofcommunesandsurroundingareas. Pureenvironment,favorablewaterdrainagesystem; The project land comprises most of empty and arable land, easy for land transfer and clearance.
PerspectiveDrawingofPhuocKhanhResidentialArea
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VUNGTAUPETROLEUMNEWURBANAREA (SectorIV:RealEstate&IndustrialParkProject:IV6) 1. ProjectName:VungTauPetroleum NewUrbanArea. 2. Location:Ward11,VungTaucity,Ba RiaVungTauProvince 3. ProjectOwner:PetrolandandPVCIC. 4. Objectives:Creatinganewurban ecologydifferfromothernewurban areasthathavebeenbuildingatVung TauandHoChiMinhCity.Creating landandhousingfundforlongterm service 5. Capacity:69.46ha 6. Schedule:20102019 7. Totalinvestmentcapital:US$75 million 8. Economicefficiency:expectedIRR=30% 9. Currentstatus: Approved by Ba Ria Vung Tau people Committee on the investment plan and placefortheproject Approved by Ba Ria Vung Tau People Committee on the general plan of the compensation,resettlementassistance
Project
10. Maximumforeignequity ownership:Tobediscussed 11. Attractiveness: StrongsupportfromVungTau authrorities; Proximitytothebeach
PerspectiveDrawingofVungTaunewurbanarea ProjectSummary
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PVINCONESSCOMPANYPROFILE (SectorIV:RealEstate&IndustrialParkProject:IV7) 1. Companyname:PVINCONESS Investmentjointstockcompany. 2. Address: HQ 1: 226 Hoang Ngan, Trung Hoa, Cau Giay District, Ha Noi City. HQ2: Hamlet 4B Dong Son commune, Tam Diep Town, NinhBinhProvince 3. Operation Registration: No 0103017981 issued by Planning and Investment Department of HanoiCity. 4. EstablishedDate:June152007. 5. Registered Capital: US$ 16 million. 6. Capital Investment Contribution Schedule: 100% capital is contributed. Equity:US$16.8million. Liabilies:US$10.6million. PVN: 25,38% StrategicShareholders:18,70% Publicandothers:55,92% Investmentconsultancy,businessmanagement; Domesticbusinesstravel,internationaltravelandotherservicesfor tourists; Businessaccommodation,tourismservicesgarden,foodservicedocks anddrinkandotherservicesforguestentertainment. US$0.3million US$0.2million
Project
7. Shareholders
8. BusinessActivites
9. Turnover2009: 10. NetProfit2009:
11. ReturnonEquity: 1,13% 12. ExpectedNetprofit2010: N/A. 13. ExpectedROE2010:N/A. 14. Maximumforeignequityownership:49%.
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15. Attractiveness: StrongsupportofstateauthoritiesinNinhBinhProvince; NomoreGolfCourseatinternationalstandardisallowedtobedeveloped; Communicationisconvenient,locatedonthemainnorthsouthroad; Thecompanyhascompleted18holegolfcourseandotherfacilities.
PVINCONESSs18holegolfcourse
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HONKHOIINDUSTRIALZONE (SectorIV:RealEstate&IndustrialParkProject:IV8) 1. Project'sname:HonKhoiIndustrial Zone. 2. Location:NinhHoa,NhaTrangcity 3. Owner:SaoMaiBenDinhPetroleum InvestmentJSC(PVSB) 4. Purpose: HonKhoiPetroleum IndustrialZone 5. Capacity:350ha a) Oilandgasservicearea(70ha) 02 berths for importing and exporting goods and materials for 10,000DWTship Supply area for materials and equipment for drilling and other offshore activities Areaformanufacturing,pipecoatingandconcretestructure Generalwarehouseservices
Project
b) Areaforshipbuilding,drillingplatformandmeansoffloatingtransportation (100ha) Dock for newly building and repairing drilling platform and means of floating transportation Dockfornewlybuildingandrepairingships; 614meterwharfstoreceivematerialscombinedwiththeoutfittingberth Liftingfor10,000DWTships; Yardforfabricationandreceiptofmaterials,repairmentandinternalroad; Workshops including electricity, machinery, assembling, manufacturing, wooding,pipes,maintenance,paintandrepair; Generalwarehouse.
c) GeneralPortarea(80ha) 01generalportharbourfor30.000DWTvessels; 02generalportharbourfor20.000DWTvessels;

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Generaldepotandinternalway; Generalwarehouse. d) OilandLPGwarehouses(50ha) BerthforimportingandexportingoilandLPG Oilwarehouses LPGwarehouse e) Logisticsareaandentranceroad(45ha) Logisticarea Generalwarehouse Officeandadministrativearea Accommodationandentertainmentareaforstaff Roadtraffictoport 6. Schedule:20112017; 7. Projectlife:50years 8. Totalcapitalinvestment:US$1,919million 9. Economicefficiency: ProfitaftertaxofProject:US$7,167million Expectedtimeofcapitalreturn:16Years
10. Currentstatus:Investmentpreparation 11. Maximumforeignequityownership:49% 12. Incentives:
Corporate income tax (CIT) of 10% for 15 years from the commencement date ofoperationoftheinvestmentprojects; 10% CIT for hitech investment projects and investment projects in Van Phong EconomicZone; 50%reductionofpersonalincometaxapplicableforhighincome; 5 years of import tax exemption starting from the operation date and applicable for production of raw materials, supplies, components and semi finished.
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DANTIENINDUSTRIALZONE (SectorIV:RealEstate&IndustrialParkProject:IV9) 1. Project's name: IndustrialZone. Dan Tien
2. Location: Dan Tien commune, Khoai Chau town, Hung Yen Province: Located in the areas of Dan Tien, An Vi, Phung Hung communes, Khoai Chau town, andDanTancommune Northern border next to newly planned road, farmlandofTanDancommune. Southern border connected to the Provincial Road 204, an important traffic routelinkwithNationalRoad39and5BHanoiHaiphonghighway. Easternbordersnexttofarmlandarea. WesternbordernexttoEasterncanalandfarmlandarea.
Project
3. Owner:PetroVietnamPowerRealEstateJSC(PVPowerLand) 4. Constructionpurpose:Industrialzone(PhaseI:150ha) 5. Capacity: PhaseI:150ha; PhaseII:100ha.
6. Timeline: QII/2010: Formulate, evaluate and approve project investment report; scheduledtobecompletedinearlyQIII/2010; QIV/2010:Siteclearanceandcompensation; QI/2011: Select contractors to perform technical infrastructure, expected to be completedinQIII/2012.
7. Totalinvestmentcapital:US$70.3million 8. EconomicEfficiency: NPV:US$1.3million;

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ProjectSummary
IRR:21.9%.
9. Current status: Formulating, evaluating and submited project investment report forapproval,projectedcompletioninearlyQIII/2010 10. Maximumforeignequityownership:Tobediscussed 11. Attractiveness: SupportedbytheGovernmentandlocalauthorities Tenantsinindustrialzonesenjoytaxincentivesandrapidprocedures Convenient transportation to the North and Northwest, the Northeast EconomicZoneinthecapital,bybothwaterwayandairway. The project is under the States Master Plan of Economic Restructure in Agriculture,IndustryandServices.
Planningschememapofnorthern region
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LAIVUINDUSTRIALPARK (SectorIV:RealEstate&IndustrialParkProject:IV10)
1. Project'sname:LaiVuIndustrialPark. 2. Location:LaiVuvillage,KimThanh district,HaiDuongProvince(Northof Vietnam),1hourdrivingfromHanoi city 3. Owner:PetroVietnam 4. Objectives: Project - Manufacturingmachinery, shipbuildingindustry,automobile spareparts,motorbikes,farm machineryandassemblingcars, gas,garment,etc; - Producingelectron,shiping,air conditioning; - Produducingandinstalling education,sportsandofficeequipment - Producingnewtechconstructionmaterial. 5. Legalbase: - DecisionNo.1106/QDTTgdated18/10/2005ofPrimeMinisteronapproval VietNamIndustrialZoneto2015; - DecisionNo.2326/QDUBNDdated25/06/2007ofthePeople'sCommittee HaiDuongprovinceonapprovaldetailplanning; - DecisionNo.926/QDDTTgdated18/06/2010ofPrimeMinisteronthe RestructuringofVinashinGroupandTransferprojectstoPVN. 6. Project'slife:45years. 7. Capacity:212.9ha. 8. Totalcapitalinvestment:US$34.4million 9. Economicefficiency: - NPV:US$3.4million; - IRR:17.79%. 10. Currentstatus: - CompletionofInternaltransportsystem,Powersupplysystem,Waterand Surfacewaterdrainagesystems - Undercompletionofwastewaterdrainagesystem - Underleasingforsomecustomers
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11. Maximumforeignequityownership: Tobediscussed 12. Attractiveness: - StrongsupportfromstateauthoritiesinHaiDuongprovince - Somemanufactoriesarebuiltandproducing - LocatedinkeyeconomictriangleofHaNoi,HaiPhongandQuangNinh,very convenientfortransportationbyNationalHighway(No.5),riverandsea - Port complex synthesis of Shipbuilding Industrial Zone Lai Vu, Kinh Thay Rivernorth,rivercruiseshipstotheportisandbarges.Bydesignthelargest tonnage of ships and barges through the Port is 1000DWT, the amount of cargo through the port every year is 1,000,000 DWT (in which approximately 300,000 DWT container, packing: bulk 350,000 DWT and 350,000 DWT). Port cluster storage system with a total area of the yard: 13,990 m2 warehouse areas are 3.965m2. Port group is ongoing constructionandwillsoongointooperation.
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SOAIRAPINDUSTRIALZONE (SectorIV:RealEstate&IndustrialParkProject:IV1) 1. ProjectName:SoaiRapIndustrial ZoneInfrastructureService BusinessProject. 2. Location:SoaiRapIndustrialzone, VamLangGiaThuanCommune, GoCongDongDistrict,Tien GiangProvince 3. ProjectOwner:PetroleumPipeline andTankConstructionJoin StockCompany(PVCPT) 4. Objectives:Providingof Projectgroundrentservices Portservices
5. Capacity:285ha. 6. Constructionschedule: Stage1:20102013(30%); Stage2:20132016(30%); Stage3:20162020(40%)

Project
7. Totalinvestmentcapital:US$40 million. 8. Economicefficiency:IRR25%. 9. Maximumforeignequityownership:Tobediscussed 10. Currentstatus: ENDOFREALESTATE&INDUSTRIALPARKSECTOR Leveling; Approvalof1/2000design Completingtherestoflegalprocedure. BeingconsideredasthemostimportantindustrialzoneofPVNinSouthernof Vietnam ApartofprojectisimplementedattheendofOctober2010(approvedbyTien GiangCommittee).
11. Incentives/Otherinformation:
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SECTORV
INFRASTRUCTURE &FACILITIES

PTSCsPetroleumServicePortinVungTau
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RINGROADNO.2,HOCHIMINHCITY (SectorV:Infrastructure&Facilities.Project:V1) 1. Projectname:TheSouthern SectionRingRoadNo.2,HoChi MinhCity. 2. Location:Passingbythreedistricts, includingDistrict8,BinhTanDist., BinhChanhDist.,HoChiMinhCity. 3. ProjectOwner:PETROLAND. 4. Objectives:TheRingRoad2 togetherwithotherringroads guaranteesforlongterm stabilizationandeffectiveoperation ofHiepPhuocandCatLaiseaports whichhelptodispersetrafficflows, tosavesoverloadtrafficcondition onthecentrezoneofthecity. 5. Capactity: TotalLength:7.7km. Width:10Lanes(60m) CityhighwayRoad. 6. Schedule:60months. 7. Totalinvestment capital:~US$331 million 8. Maximumforeign equityownership:49%. 9. Currentstatus: PreparingFeasibility Study. 10. Attractiveness/Otherinformation: StrongsupportfromHoChiMinhcityauthrorities. Investmentform:BuildTranfer(BT)
Project
ProjectSummary
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TANKFABRICATIONPLANTPROJECT (SectorV:Infrastructure&Facilities.Project:V2) 1. ProjectName:TankFabrication PlantProject. 2. Location:SoaiRapIndustrialzone, VamLangGiaThuanCommune,Go CongDongDistrict,TienGiang Province 3. ProjectOwner:PetroleumPipeline andTankConstructionJoinStock Company(PVCPT) 4. Objective:Fabricationof Pressuresphericaltank Cylindricaltank Othermechanicalproduct 5. Capacity: Sphericaltank:4,0005,000 ton/year Cylindricaltank:10,00012,000 ton/year Otherproduct:10,000ton/year
Project
6. Schedule:Asplanned,theplantwouldbecompletedinDecember2010 7. Totalinvestmentcapital:US$18.5million; 8. Economicefficiency: NPV:US$9.6million; IRR:23.43%.
9. Maximumforeignequityownership:Tobediscussed. 10. Currentstatus:Appraisingthefeasibilitystudy 11. Incentives/Otherinformation: AlloutputswillbeusedinPVNprojects LocatedinthemostimportantindustrialzoneofPVNinSouthernofVietnam
ProjectSummary
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LONGITUDINALWELDEDSTEELPIPEPRODUCTIONFACTORY (SectorV:Infrastructure&Facilities.Project:V3) 1. ProjectName:LongitudinalWelded SteelPipeProductionFactory. 2. Location:SoaiRapIndustrialZone, TienGiangProvince,SRVietnam 3. ProjectOwner:PetrovietnamSteel PipeJointStockComapany(PVPIPE) 4. Objectives:Productionsteelpipefor oil&gaspipelinesandfabricationof drillingrigjacket 5. Capacity:~200,000tonssteel pipes/years 6. Constructionschedule:First production~October2011 7. Totalinvestmentcapital:US$95.4 million 8. Economicefficiency: NPV:US$2.8Million IRR:34,96% 9. Maximumforeignequityownership:30%49%ofthetotalchartercapital 10. Currentstatus:Theprojectisimplemeting 11. Attractiveness: AlloutputswillbeusedinPVNprojects LocatedinthemostimportantindustrialzoneofPVNinSouthernofVietnam
Project
ProjectSummary
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FSOBIENDONG1 (SectorV:Infrastructure&Facilities.Project:V4) 1. Project name: Bien Dong 1 Project FSOFacilities. 2. Location: Blocks 052 & 053, offshoreVietnam 3. Owner: Petroleum Technical ServicesCorporation(PTSC) 4. Capacity:350,000bbls 5. Total investment capital: US$120 million. 6. Structure of equity ownership: Openfordiscussion 7. Purpose: Bien Dong Petroleum Operating Company (BDPOC) is the Operator of Blocks 05.2 and 05.3, offshore Vietnam. BDPOC intends to develop these blocks by installing gas and condensation of production and exporting facilities into the Moc Tinh and Hai Thach fields (Bien Dong Development Project). This will requireawellheadplatforminMocTinh,WHPMT1,tiedbacktotheHaiThach development, which will consist of another wellhead platform, WHPHT1, a processquartersplatform,PQPHT,andanFSO. TheFSOvesselismooredatalocationnearthePQPHTanddesignedtoremain permanently on station, even in severe environmental criteria. The FSO shall comply with Classification and Vietnamese regulations and the contract requirements for tank arrangement/ storage, accommodation, utilities offloadingandhealth,safetyandenvironment(HSE). PetroVietnam Technical Services Corporation (PTSC) has been officially nominated by BDPOC to arrange the Provision of FSO Services. Based on Request for Proposal (RFP) for the Provision of FSO Services issued by BDPOC on the 10th April 2010, PTSC shall issue an invitation to bid (ITB) and conduct the tender for the provision of FSO Bareboat services via a competitive tender process with the terms and conditions permitting PTSC to purchase the FSO system.
Project
ProjectSummary
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InvestorscancontributetotheownershipoftheFSOsystemduringthecharter period. 8. Projectschedule: Tenderprocess: Item ChronologyofEvents
InvitationtoBid(ITB) 1. BDPOCtoissuetheRFP 2. PTSCtosubmittheITBincludingtheTenderPlantoBDPOC 3. BDPOCtoapprovetheITB 4. BidIssuance 5. BidClosing TenderEvaluation&Award 6. TechnicalBidOpening 7. ApprovalofTechnicalEvaluationResults 8. CommercialBidOpening 9. ApprovalofCommercialEvaluation 10. ApprovalofBidEvaluation&AwardRecommendationReport 11. IssueLOAtoSuccessfulBidders/Contractnegotiation 12. Contractsigning Constructionworks: KeyMilestone Description KM1 Commencementdate KM2 AwardofFSOconstructioncontracttoshipyard. KM2 Tanker acquisition and delivery to designated conversion yard (Conversion completed. Case) KM3 AllmajorpurchaseordersissuedforFSOsystem KM4 AllmajormaterialsandequipmentdeliveredforFSOsystem. KM5 Turret mooring system fabrication, mechanical completion, testing, precommissioningcompletedreadyforinstallationintoFSO. KM6 ProvisionalacceptanceofFSOsystem FSOsystemcompletedasaunit,precommissioned,andreadytosail forHaiThachsite,block05.2,offshoreVietnam.Thecompanyhas issuedtheprovisionalacceptancecertificate. KM7 Installationstartdate MarineconstructionspreadandFSOsystemfullymobilizedatHai Thachsiteandreadyforinstallation. KM8 Installationcompletedate FSOsystemhasbeeninstalledandflexiblerisersconnectedandtested
ProjectSummary
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KM9
KM10
andmarineconstructionspreaddemobilized Readyforfirstcondensate FSOsystemcommissionedandreadyforreceivingstabilized condensate.Companyhasissuedthereadyforfirstcondensate certificate.Commencementofcharterperiod. FinalacceptanceofFSOsystem Performance&reliabilitytestscompletedandtheCompanyissuedthe FinalAcceptanceCertificate.
Charterperiods:
Activity FirmCharter Period 1stOptional ExtensionPeriod 2ndOptional ExtensionPeriod 3rdOptional ExtensionPeriod 4thOptional ExtensionPeriod
Durat ion
10 years 5 years 2 years 2 years 1 year
9. Current Status: Under preparation for Detailed Design, Procument and Manufacturingfacilities.The"firstcut"takenbyVSPandPTSCfrom21/06/2010. 10. ProjectAttractiveness:EnsuretheProject'soutputbyBDPOC.
ProjectSummary
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
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FSOPROJECTBACHHO (SectorV:Infrastructure&Facilities.Project:V1) 1. Project name: Bach Ho Project FSO Facilities. 2. Location: Blocks 091, Vietnam,offshoreVietnam offshore
3. Owner: Petroleum Technical Services Corporation(PTSC) 4. Capacity: 1,000,000 capacity:100,000bpd bbls. Inlet
5. Total investment capital: US$ 210 million 6. Structure of equity ownership: Open fordiscussion 7. Purpose: Provision of FSO Facilities forthedevelopmentofBachHo(WhiteTiger)fields. -
Project
VietsovpetrohasbecomemainforceofVietnamspetroleumindustryand economy.ThreeoilfieldswithcommercialoilWhiteTiger,DragonandBigBear werediscoveredandbroughtintoproductionwithlowexplorationcosts,besides4 adjacentstructureswithhydrocarbonindication.Inparticular,discoveryofbigoil reservoirinWhiteTigerbasementhasbeenanessentialfactortoincreaseoil output,andatthesametimetoattractforeigninvestmentintoVietnamese petroleumindustry. BachHoisVietnam'slargestOilFieldwasfoundin1975andstanding3thOil ReservewasdiscoveredinthebeltoftheNorthWestregionprovision.BachHo crudeoiliswaxy,withverylowsulfurcontent.Asagoodquality,sweetoil, VietnamesecrudeoilishighlyfavoredbycustomersfromJapan,Singapore,and othercountries. FSOPTSCBachHoismooredatthelocationatUBN2position,200nauticalmiles fromVietnamesecoastanddesignedtoremainpermanentlyonthestation,even insevereenvironmentalcriteria.TheFSOcompliedwithdualClass(ABS/VRES)and Vietnameseregulationsandthecontractrequirementsfortankarrangement/ storage,accommodation,utilitiesoffloadingandhealth,safetyandenvironment (HSE).
ProjectSummary
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PetroVietnamTechnicalServicesCorporation(PTSC)hasbeenofficiallynominated byVietsovpetrotoarrangetheProvisionofFSOServices.TheFSOPTSCBachHo wasalsoundercontractofcharteringforVietsovpetrofrom19November2009. InvestorcancontributeFinancialInvestment/Arrangementtosetupjointventure tooperateandmaintainFSO.
8. Projectschedule: 18December2006:TheFSO5projectwasawardedtoVinashin 03May2007:Itsfirstcuttingwason 22June2008:keellayingon 14January2009:Loadoutceremonywas 26April2010:theFSO5thatisnamedasPTSCBachHo,wassailedawayfrom NasicotoBachHofieldwiththepurposeofinstallationandcommissioning.
9. CurrentStatus: ThetargetfirstoilinOctober,2010andcontractdurationis10yearstatingfrom thefirstOil 10. ProjectAttractiveness: EnsuretheProject'soutputbyVietsovpetro Longtimecharterperiod. Capableandexperiencelocalpartner(PTSC). Opportunity to invest in coming projects as PTSC is assigned by PetroVietnam for provision and charter of FSO/FPSO for all PVN projects such as FPSO for
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ProjectSummary
LSJOC, FSO for Chevron, Offshore Production and Offtaking facilities for TLJOC (ifrequired) Financialinvestment/arrangementforotherongoingprojects,likeFPSORuby2 (350mil.),FSOBienDong(120mil.)andotherprojects.
PTSCsFSOBachHo
ProjectSummary
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DUNGQUATSHIPYARDCOMPANYPROFILE (SectorV:Infrastructure&Facilities.Project:V6) 1. Companyname:DungQuatShipyard. 2. Add.: Tan Hy commune, Binh Dong Village, Binh Son District, Quang Ngai Province,S.R.Vietnam. 3. Operation Registration: No 4300338693 issued by Dung Quat Economic Zone Authority of Quang Ngai Province, S.R. Vietnam. 4. EstablishedDate:24February2006 5. Registered Capital of the Company: USD$190million 6. Capital Investment Schedule: Legalcapital Shareholders Contribution
Project
:USD$0.5million :N/A
7. BusinessActivities -
Newbuildingandrepairofship,floatingequipmentsandvehicles. Manufacturingsteelstructureofliftingequipment(typesofcrane). Dismantleoldships,overhaulequipmentandmaterials.
8. Capacity: Totalareaofshipyard:118ha; Total area of workshop: 130.000m2; Area for preliminary hull assembly:16.500m2; Areaofstockyard; Forsteelplate:3000m2; For constructed hull block: 10.000m2.
9. Facilities: Flatsegmentmanufacturinglines:01unit; Corrugatedironpretreatmentline:01unit;

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ProjectSummary
Hydraulicpressmachine1.000ton:01unit; CNCIMI(9x36m),Plasma(10x30m)machine:04unit. 13Conrrugatedionbendingmachine,steelbendingmachine:01unit; Cranefrom2050ton:01unit; CNCPipingcuttingmachine:01unit.
10. CurrentProjects: Barge 180,000DWT: completion 70%
Tug Boat: 2 x 1200HP NO.1: 94%completion Oil Carrier 104,000DWT: 90% completion Oil Tanker: 105,000DWT: 60% completion Bunk Carrier: 54,000DWT: 60%completion DryDockNo.1(380x86x14)m:Beingused DryDockNo.2(520x110x14)m:underconstruction
o Buildingshiptonnageofupto300,000DWT,capacityof1.1milliontonsperyear. o Paybackperiod:11.2years o TotalInvestmentcapital:USD$129.5 o Economicefficiency:NPV=USD$61million,IRR=17.55% 11. Turnover2009 :USD$32.5million 12. ROE(ReturnOnEquity):USD$35.5million 13. ExpectedNetprofit2010:USD$1million 14. ExpectedROE2010:USD$20million 15. Maximumparticipationofforeigninvestors:tobediscussed. 16. Incentives/Otherinformation: StrongsupportfromauthoritiesinQuangNgaiProvince; Located in Dung Quat Bay which has a lot of Natural advantages and good conditions to achieve the goal to build large ships with tonnage up to 105,000DWT;
ProjectSummary
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Located in multifunctioned ports in deep sea thus it can receive cargoships up to 50,000DWTandoiltankersof150.000DWT.
ProjectSummary
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NHONTRACHSHIPBUILDINGPLANT (SectorV:Infrastructure&Facilities.Project:V7) 1.Companyname:NhonTrach SpecializedShipyardandShipFacility Manufacturer. 2.Location:Village3PhuocKhanh Commune,NhonTrachDist,Dong NaiProvince 3.Owner:PetroVietnamTechnical andServicesCorporation(PTSC). 4.Objective: Newshipbuildingand repairfloatingfacilityforPTSC 5.Legalbase: Decision No.926/QDDTTg
Project
dated 18/06/2010 of Prime Minister on the Restructuring of Vinashin Group and Transfering projects to PVN Minutes of meeting 6210/BBDKVN dated 15/07/2010 between PetroVietnam andVinashinontransferingangtakingoverNhonTrachShipyardProject 6.Capacity:20ha. 7.BusinessActivities: New building and repairing of ships, vessels floating equipment, vehicles supportingfortheoperationofoilandgasindustry. StorageandLogisticservices
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and
ProjectSummary
8.Currentstatus:completingFeasibilityStudy; 9.MaximumParticipationofforeigninvestors:Tobediscussed 10.Incentives/Otherinformation: StrongsupportfromstateauthoritiesinDongNaiProvinceandPetroVietnam. PTSC'sstrategyistodevelopanewshipbuildingandrepairingforPTSCfleets. ENDOFINFRASTRUCTURE&FACILITIESSECTOR
ProjectSummary
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VietnamOilandGasGroup

LongitudinalWeldedSteelPipeProductionFactory FloatingStorageandOffloading(FSO)forBienDong1Project FloatingStorageandOffloading(FSO)SystemforBachHoProject DungQuatShipyardCompanyProfile NhonTrachShipBuildingPlant

International Luxury Tourist. IV-2: TanVien Owner: PVR<PVN/PVC>. Investment: $235MM

PETROVIETNAM PROJECTS MAP

Downstream Power Sea Port RealEstate/IndustrialZone Infrastructure/Facilities

20 37 78 2,561 28 235 72 44 30 75 15 1,919 70 34 40 1,031 331 20 85

FloatingStorageandOffloading(FSO) forBienDong1Project FloatingStorageandOffloading(FSO) SystemforBachHoProject DungQuatShipyardCompanyProfile NhonTrachShipBuildingPlant

PVN/PTSC PVN/PTSC PVN/DungQuat Shipyard PVN/PTSC TOTAL

VungTauCity VungTauCity QuangNgaiProvince DongNaiProvince

120 210 190 75 25,462

TBD 49% TBD TBD 36projects

DUNGQUATREFINERYEXPANSIONPROJECT (SectorI:DownstreamProject:I2) 1. Project: Dung Quat Refinery

LPG RegularGasoline PremiumGasoline JetA1/Kerosene Diesel FuelOil PolyPropylene Sulfur TotalLiquidProduct

8,200 59,400 23,300 14,600 63,600 19,200 525TPD 139TPD 188,300

Economicindicators Powertariffatplantbusbar(cent/kWh) Financialdiscountfactor FinancialInternalrateofreturn(FIRR) NetpresentvalueNPV(millionUSD) B/C Paybackperiodwithdiscountrate

Value 5.718 9.20% 12.00% 164.62 1.065 15

14. Projectlife:25years 15. Projectschedule: - UnitNo.1(600MW):tobecompletedinQII/2014.

- UnitNo.2(600MW)tobecompletedinQIV/2014. 16. Currentstatus: FeasibilityhasbeenapprovedbyPVN; ProjectsFEEDispreparing.

Construction site of a coal-fired power plant ProjectSummary

9. Maximumforeignequityownership:49%oftheProject. 10. Fuelsource:

Plantconstructionarea: ProjectManagementBoardArea: Staffhousingarea: Ashpondarea: Otherareas: Siteelevation:

- Totalareas o o o o Inland Seaarea Roadareas Siteelevation

15. Currentstatus PVNhavealreadyapprovedfortheFSofLP1powerplant. Completionofprojectsite/landclearance. FEEDconsultancycontractsignedonApril29,2010.

420,00 31,89 1005,7

410,00 375,00 411,43 414,88 9,124 248,51 205,18 43,33

330,52 309,20 257,23

4.4 5 5.1 5.2 5.3 6 6.1 6.2 6.3 6.4

90,36 88,53 75,56

MW MW 106 KWh hour

125,00 38,85 540,246 4322

13. Projectlife:40years. 14. Projectschedule:

No 1 2 3 4 5 Stage 1 Stage2 Stage3 Stage4 Stage5

Estimated investment capital

10. TrafficSystem:convenienttransportationthroughroads,railwaysandseaways - 14kmawayfrom1ANationalHighway;

12. Projectattractiveness: Thenaturalbreakwaterhelpsprotecttheportfromwavesandwind. Convenientlocationforexpansiontoaccommodateshipsupto100,000DWT. DemandsarehigherthancapacityofHonLaPort.

10. Mainparameters: Totallandarea:16.2ha; Totalwaterarea:2.9ha; Berthlength:290m; Officebuilding:2,000m2; Warehouse:

7. Liabilities(asofDecember31,2009):US$223.7million 8. Shareholders: - PVN: 58.40% 41.60% 100%

- Roadandinlandwaterwaytransportationincludinggastaxis,LPGtrucksand busses; - Freightforwardingandinternationalmultimodaltransportation;

- Procurementandsupplyofmaterialsandequipmentforoilandgasand transportationindustries; - Othercommercialandfinancialinvestmentservices. 10. Revenue(2009):US$111.9million 11. Netprofit(2009):US$0.47million 12. ROE(2009):0,60%.

13. ExpectedNetprofit(2010):US$6.8million 14. ExpectedROE(2010):2,23%

15. Maximumforeignequityownership:partnersarewelcometodiscussthe participationpercentageupto18%PVTransshares. 16. Otherinformation

- MarinebusinessissupportedbytheVietnameseGovernment; - PVTransisthebiggestVietnamsshippingcompanyinOilandGas transportation;

- 100%crudeoilinputand100%gasoline&dieseloutputforDungQuatRefinery whichwillcover33%ofgasoline&dieseldemandinVietnam; - CommitmenttoHSEDNVISO9001:2008;

- Opportunitiestooperatesupplyservices,includingtransportofcrudeoiland oilproductsforPVNsrefineryNo2&3in2014&2015;coalsfor05PVNs powerplants; - PVTranswaslistedonHochiminhStockExchangein2007withcode(PVT). ENDOFSEAPORTSECTOR

5. Capacity: a) DaNangRiversidehotel(ExistingStage1):14storeyshoteland3storeys restaurant. 14Apartments; 06SuiteRooms; 33SuperiorRooms; 54Deluxe/VIPRooms; 02ConferenceRooms: Capacityfrom20to700

guests,equippedwithmodernfacilitiesforprofessionalmeetings, conferencesandseminars; 01Restaurant(FoodandBeverage):Nowarmspace,openspaceandluxury with700guests,isdecoratedsplendid,soundequipment,lighting.

b) DanangRiversidehotel(Expansionstage2). 21floorsTowerincludedCommercialCenter,53rentaloffices,153 apartmentsandrecreationalareas.

11. Attractiveness: - StrongsupportfromHaNoiauthrorities - OneofthemostattractiveinlandresortinVietNam - 40kmfromthecenterofHaNoi

9. Maximumforeignequity ownership:Tobediscussed. 10. Currentstatus:Carryingout discussioninordertosigntheContractoflandandprojectstransfer. 11. Attractiveness LocatedinoneofthehottestnewurbaninHaDongDist. Readyforconstruction.

HaLongPlazalocatedinHaLongBay theWorldHeritageSite ProjectSummary

Technicalinfrastructureconstruction: QIII/2011QI/2013 Equipmentprocurement: QIV/2011QII/2013

PhaseII: Relocationandcompensation: QIV/2013QIV/2014

Technicalinfrastructureconstruction: QIV/2013QIV/2014 Equipmentprocurement:QIII/2014QI/2015"

7. Totalinvestmentcapital:US$36million 8. Economicefficiency: NPV:US$500,000;

10. Maximumforeignequity ownership:Tobediscussed 11. Attractiveness: StrongsupportfromVungTau authrorities; Proximitytothebeach

9. Turnover2009: 10. NetProfit2009:

15. Attractiveness: StrongsupportofstateauthoritiesinNinhBinhProvince; NomoreGolfCourseatinternationalstandardisallowedtobedeveloped; Communicationisconvenient,locatedonthemainnorthsouthroad; Thecompanyhascompleted18holegolfcourseandotherfacilities.

c) GeneralPortarea(80ha) 01generalportharbourfor30.000DWTvessels; 02generalportharbourfor20.000DWTvessels;

10. Currentstatus:Investmentpreparation 11. Maximumforeignequityownership:49% 12. Incentives:

DANTIENINDUSTRIALZONE (SectorIV:RealEstate&IndustrialParkProject:IV9) 1. Project's name: IndustrialZone. Dan Tien

3. Owner:PetroVietnamPowerRealEstateJSC(PVPowerLand) 4. Constructionpurpose:Industrialzone(PhaseI:150ha) 5. Capacity: PhaseI:150ha; PhaseII:100ha.

7. Totalinvestmentcapital:US$70.3million 8. EconomicEfficiency: NPV:US$1.3million;

5. Capacity:285ha. 6. Constructionschedule: Stage1:20102013(30%); Stage2:20132016(30%); Stage3:20162020(40%)

6. Schedule:Asplanned,theplantwouldbecompletedinDecember2010 7. Totalinvestmentcapital:US$18.5million; 8. Economicefficiency: NPV:US$9.6million; IRR:23.43%.