Former PetroVietnam chairman charged with failure of Phú Thọ ethanol project

February 17, 2020 |

In Vietnam, Malaysia’s Star newspaper reports that the former chairman of PetroVietnam along with nine alleged accomplices are being charged over negligence surrounding the design, procurement and partial implementation of the ethanol project in Phú Thọ. The Ministry of Public Security says the contractors hired to undertake the project were not qualified and the project was eventually halted in 2013 after incurring more than $23.4 million in losses to government coffers. The former chairman has already been given 30 years in prison over two other cases.

Category: Fuels

Thank you for visting the Digest.