Nghi Son refinery breaks ground
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.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
Mobile Version