EPC contract signed for Nghi Son oil refinery

He made the assurance at the signing of an Engineering, Procurement and Construction (EPC) contract for the Nghi Son Complex in central Thanh Hoa province on January 27.

As a key national work, the NSRP covers an area of 400 ha in the Nghi Son Economic Zone in Tinh Gia district, Thanh Hoa province. It has a total investment of nearly $9 billion, of which $4 billion is contributed by the NSRP’s investors and the remaining comes from commercial banks and financial institutions.

The Vietnamese Government made the complex its strategic project that would help meet the country’s increasing demand of petrochemical products due to industrialisation and modernisation.

Once starting operational in mid 2017 as scheduled, the complex is expected to refine 200,000 barrels of crude oil a day for 10 million tonnes of oil annually, which will be an important progress for the country to step by step become self-reliant on petrochemical products to ensure energy security.

Addressing the event, PM Dung stressed that the EPC contract signing is only a first step of a long, rough road ahead to make the complex operational.

He asked for greater efforts and highly productive coordination from all concerned parties, including commitment fulfillments by investors and EPC contractors.

Dung also requested Thanh Hoa province to provide good resettlements and jobs for residents who gave land to the complex and continue to support investors during construction process.

The NSRP’s investors include the Vietnam National Oil and Gas Group (PVN), the Kuwait Petroleum International Company (KPI), Japan’s Idemitsu Kosan Company (IKC) and Mitsui Chemical Inc. (MCI), while the group of EPC contractors are JGC Corporation and Chiyoda of Japan, the Republic of Korea’s GS Engineering &Construction Company, France’s Technip France and Technip Geoproduction from Malaysia.