Econ
Nghi Son Refinery first provides commercial petroleum product
The Nghi Son refinery has the first shipment of commercial product – RON 92 petro, announced by the operator on May, 1.
The product meets all the technical and commercial criterions to serve the Vietnam’s market. Turki Alajmi, CEO of Nghi Son refinery pressed the importance of this achievement, which matters not only for the US9.3 billion project, but also helps ensure the national energy security and Thanh Hoa province's development.
The official operation of the Nghi Son Refinery is expected to contribute 8% to Thanh Hoa’s economic growth in 2018 and VND9 trillion (nearly US$400 million) to the province’s budget.
“In the first phase, the plant can refine some 200,000 barrels of crude oil per day, equivalent to 10 million tons per year and double the capacity of Dung Quat Refinery”, said Alajmi. The US$9.3 billion project attracts four investors including Vietnam Oil and Gas Group, Kuwait Petroleum Europe BV, Idemitsu Kosan Co Ltd and Mitsui Chemicals Inc with total fund of some US$4 billion.
According to Turki Alajmi, the project’s success affirmed the attractiveness of Thanh Hoa investment environment as well as the province’s ability to serve strict demands of world-scale projects.
Once fully operational, the refinery would fulfill 40% of the domestic demand.
Nghi Son Oil Refinery and Petrochemical complex
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The official operation of the Nghi Son Refinery is expected to contribute 8% to Thanh Hoa’s economic growth in 2018 and VND9 trillion (nearly US$400 million) to the province’s budget.
“In the first phase, the plant can refine some 200,000 barrels of crude oil per day, equivalent to 10 million tons per year and double the capacity of Dung Quat Refinery”, said Alajmi. The US$9.3 billion project attracts four investors including Vietnam Oil and Gas Group, Kuwait Petroleum Europe BV, Idemitsu Kosan Co Ltd and Mitsui Chemicals Inc with total fund of some US$4 billion.
According to Turki Alajmi, the project’s success affirmed the attractiveness of Thanh Hoa investment environment as well as the province’s ability to serve strict demands of world-scale projects.
Once fully operational, the refinery would fulfill 40% of the domestic demand.
