The Thanh Hoa-based Nghi Son Refinery is scheduled to produce its first batch of commercial products in May, as announced on February 28.
Nghi Son oil refinery complex
After five years of construction, Vietnam’s second oil refinery is
now ready to commence operations and will begin to receive crude oil for
refinement.
Once operational, the facility will help to ensure Vietnam’s
energy security and contribute VND10 trillion (US$440 million) to the budget of
the north central province, the management estimated.
Turki Alajmi, general director of the refinery complex, said that
this project is of strategic importance as it will meet Vietnam’s
growing demand for refined oil products which are necessary for its
industrialisation drive.
Construction of the complex commenced in 2013 with total capital
of over US$9 billion.
The project is jointly invested in by four contractors, namely
PVN, Kuwait Petroleum International, Idemitsu Kosan and Mitsui Chemicals, which
hold 25.1%, 35.1%, 35.1% and 4.7% respectively.
The facility has an annual capacity of producing 10 million tonnes
of refined oil products.
Source: NDO
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