Business

Construction of biggest refinery plant starts

Prime Minister Nguyen Tan Dung on October 23 ordered the start of the construction of Nghi Son Refinery and Petrochemical Complex–the largest-ever in Southeast Asia.
Prime Minister Nguyen Tan Dung on October 23 ordered the start of theconstruction of Nghi Son Refinery and Petrochemical Complex–thelargest-ever in Southeast Asia and also the largest foreign project inVietnam with capital topping 9 billion USD.

Addressing theceremony in central Thanh Hoa province, PM Dung thanked the Governmentsof Japan and Kuwait for their funding to the project.

Healso asked relevant ministries and agencies, the Vietnam National Oiland Gas Group (PVN) and contractors to do their best to complete theproject in the next 40 months.

Provincial authorities andinvestors were also urged to train local workers in vocational skills,thus making it easier for them to work for the complex in the future.

The complex is a joint-venture among the PVN, KuwaitPetroleum International, Japan’s Idemisu Kosan group and MitsuiChemicals company.

Once operational in 2017, it will bethe second in Vietnam, alongside the Dung Quat oil refinery plant,satisfying two-thirds of domestic demand for national industrialisationand modernisation.

It is designed to annually process 10million tonnes of crude oil in the first phase. The figure will doublein the second phase.-VNA
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