Work Starts on Vietnam US$6B Nghi Son Refinery, Petrochemical Complex

The consortium of Kuwait Petroleum International (KPI), Japanese Idenmitsu, Mitsui Chemical Inc, and the state-run oil monopoly PetroVietnam group has recently started construction of Nghi Son oil refinery and petrochemical complex costing US$6.1 billion in Thanh Hoa province.

 

The complex, to cover 325 hectares at Nghi Son Economic Zone in Tinh Gia district, some 200 kilometers south of Hanoi, is expected to have a designed capacity of 200,000 barrels per day or 10 million tons per annum.

 

Vietnam is expected to import oil from Kuwait to fuel the refinery capable of producing 2.1 million tons of gasoline; 2.67 million tons of diesel; 790,000 tons of kerosene and jet fuel; and 500,000 tons of liquefied petroleum gas (LPG) once operational for the first phase in late 2012 or early 2013, supplying 60 per cent of Vietnam’s petroleum demand.

 

The country’s first oil refinery Dung Quat has produced 2,000 metric tons of diesel and 1,200 tons of kerosene since it started operation on Feb 22 in central Quang Ngai province, and is waiting for the first domestically made gasoline at the end of this month.  

 

The US$3.1-billion refinery is expected to refine 3.5 million tons of crude oil into 2.6

million tons of petroleum products during this year.

 

Vietnam is estimated to have spent US$1.179 billon importing 4.18 million metric tons of petroleum products in the first four months of this year, down 57.3 per cent on year in value and 12.9 per cent in volume. (Young People)