Nghi Son oil refinery helps boost economic development
The complex in the Nghi Son Economic Zone in Tinh Gia district is one
of Vietnam’s key projects on national energy security and
socio-economic development strategies. Its investors include the Vietnam
National Oil and Gas Group (PVN), Kuwait Petroleum International, and
Japan ’s Idemitsu Kosan Co. Ltd and Mitsui Chemicals Inc.
Once commissioned in 2017 as scheduled, the NSRP is expected to refine
200,000 barrels of crude oil a day, equivalent to 10 million tonnes of
oil a year.
It will be the second in Vietnam,
alongside the Dung Quat oil refinery plant, satisfying two-thirds of
domestic demand for national industrialisation and modernisation.
The complex has affirmed the
province’s determination to make a breakthrough in the industrial and
socio-economic development.
It has also reflected
the locality’s endeavours to improve the investment environment, which
was evidenced by the amount of more than 4.7 billion USD in cooperation
agreements signed at a forum to promote investment in the Nghi Son
Economic Zone (EZ) and its surrounding areas held in the province in
October. The forum coincided with the ground-breaking ceremony of the
complex.
With the NSRP complex, Thanh Hoa province
is expected to become a more attractive destination for both domestic
and foreign investors.-VNA