The Hanoitimes - The People’s Committee of the north central province of Thanh Hoa has handed over an expanded site in the Nghi Son Economic Zone and local industrial parks for the implementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.
The committee also presented a land use right certificate to the project on March 3.
This is a significant move to ensure safety and security for residents living near the construction site of the complex.
The expanded site has a total area of 110.4 hectares spanning Trung Yen, Nam Yen, Trung Hau and Dong Yen hamlets in Hai Yen commune, Tinh Gia district.
Nghi Son Oil Refinery and Petrochemical complex
Land clearance has been carried out since 2013 with the resettlement of more than 1,000 households and the disarmament of bombs, mines, explosive materials and toxic substances. Local authorities have given resettlement land for 985 households.
Director General of the NSRP complex Turki Alajmi thanked local people in Hai Yen commune for ceding land for the refinery.
This also creates extra land funds for the expansion of the project in the future, he added.
Earlier on February 28, Nghi Son Refinery & Petrochemical Limited Liability Company received the Ready For Start Up (RFSU) certificate for its NSRP project.
Turki Alajmi said: “We are proud to achieve this critical milestone for the NSRP project today. The project is strategically important to meet the growing domestic demand for refined and petrochemical products driven by rapid industrialisation and modernisation of the country.”
He thanked all the stakeholders in the NSRP project, including the Government and Thanh Hoa authorities, who have provided a favourable investment environment for the project.
The NSRP project is a joint venture sponsored by four internationally reputed corporations including Vietnam Oil and Gas Group, Kuwait Petroleum Europe B.V. from Kuwait, Idemitsu Kosan Co. Ltd and Mitsui Chemical, Inc. from Japan.
The refinery will have capacity to process 200,000 barrels of crude oil per day imported from Kuwait, equivalent to 10 million tonnes per year.
The total estimated cost of the project is 9 billion USD, making it the largest foreign direct investment project in Vietnam to date.
The refinery is scheduled to produce its first commercial oil products in May this year.
Once operational, the project will help ensure national energy security. It is expected to contribute 10 trillion VND (436 million USD) to the local budget in 2018.