French consortium wins Vietnam contract<\/p>\n
HANOI: A consortium led by France's Technip-Coflexip has won a
\nUS$700-$800 million contract to build Vietnam's first oil
\nrefinery, state-owned PetroVietnam said Monday.<\/p>\n
The consortium, which also includes Japan's JGC Corp and
\nSpain's Technicas Reunidas, saw off a rival consortium led by
\nSouth Korea's Samsung Engineering just as Prime Minister Lee Han-
\nDong launched an official visit to Vietnam in which he had been
\nexpected to lobby for the South Korean bid.<\/p>\n
The French firm's Technip Malaysia subsidiary will take the
\nlead in the huge contract which includes all the design
\nconsultancy, procurement and construction work for the $1.3
\nbillion refinery, planning director Tran Quoc Hung told AFP.<\/p>\n
The only parts of the project excluded from the contract are
\nsome $350 million in associated infrastructure, most of which has
\nalready been awarded, and two further contracts worth a total of
\n$200 million for crude and refined product storage. -- AFP<\/p>",
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