Nghi Son refinery breaks ground

October 23, 2013 | 16:02

(0) user say

Construction on the Nghi Son oil refinery and petrochemical complex kicked off today as a joint venture between PetroVietnam, Kuwait Petroleum International, Japan’s Idemitsu Kosan and Mitsui Chemicals in the central Thanh Hoa province.

photo source: Tien phong.vn

The complex will start commercial operations in 2017. With a registered investment capital fund of $9 billion, the complex will be the nation’s largest of its kind. It will have a 10 million tonne annual refining capacity of products such as diesel, jet fuel, polypropylene and benzene.

PetroVietnam chairman Phung Dinh Thuc, at the ground breaking ceremony, announced that the complex would strive to satisfy the domestic market’s growing demand for petroleum products and a major driver behind Vietnam’s motorisation.

He added that together with the country’s first refinery Dung Quat, the complex would be a major pillar for the nation’s economic development.

By By Ngoc Linh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional