Prime Minister Nguyen Xuan Phuc (R) and CEO of KPI Nabil Bourisli (Photo: VNA)

Thanh Hoa (VNA) –
Prime Minister Nguyen Xuan Phuc has said he welcomes investors from Kuwait Petroleum International (KPI) and Japan to inject money into the Nghi Son oil refinery and petrochemical complex project in the north central province of Thanh Hoa.

He made the statement while receiving CEO of KPI Nabil Bourisli and some leaders of Japanese firms that are strategic investors of the project in Thanh Hoa on December 23.

Vietnam contributed a quarter to the project’s total capital, he noted.

The government leader hailed the active and responsible cooperation of the involved parties, including the Ministry of Industry and Trade and the Vietnam Oil and Gas Group (PetroVietnam) to carry out the 9-billion-USD project.

Nabil Bourisli thanked the Vietnamese government to back the implementation of this project and shared joy over its commercial operation.

At the reception, PM Phuc also cleared up recommendations from investors.
He ordered relevant ministries and departments to put forth measures to ensure rights and interests of the government and investors based on legal regulations.

The PM asked investors to ensure effective operation of the plant and soon expand its second phase.

He affirmed that the government always encourages and creates the best conditions for foreign businesses to invest in Vietnam.

The Nghi Son oil refinery and petrochemical project has been carried out since 2013.

It is invested by PetroVietnam (25.1 percent), KPI (35.1 percent), and the Japanese firms Idemitsui Kosan (35.1 percent) and Mitsui Chemicals (4.7 percent).-VNA