Vietnam's new Nghi Son refinery expects to get first crude oil in May
Monday, February 27,2017AsemconnectVietnam - Vietnam's new $7.5 billion Nghi Son oil refinery expects to take delivery of its first crude oil in May and to have its first products by the third quarter of the year, the company said on Thursday.
The 200,000-barrel-per-day plant is Vietnam's second refinery and will process Kuwaiti crude oil to produce liquefied petroleum gases, gasoline, diesel, kerosene and jet fuel, mainly for the domestic markets.
Japan's Idemitsu Kosan 5019.T and Kuwait Petroleum International each own 35.1 percent of Nghi Son Refinery and Petrochemicals, while PetroVietnam has 25.1 percent and Mitsui Chemicals 4183.T 4.7 percent.
Vietnam's existing Dung Quat refinery meets about 30 percent of domestic demand.
Source: Reuters.com
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