Business

Thanh Hoa hands over expanded site for Nghi Son refinery plant

The People’s Committee of the north central province of Thanh Hoa has handed over an expanded site in the Nghi Son Economic Zone and local industrial parks for the implementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.
Thanh Hoa hands over expanded site for Nghi Son refinery plant ảnh 1Nghi Son Oil Refinery and Petrochemical (NSRP) complex (Photo: VNA)

Thanh Hoa (VNA) – The People’sCommittee of the north central province of Thanh Hoa has handed over anexpanded site in the Nghi Son Economic Zone and local industrial parks for theimplementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.

The committee also presented a land use rightcertificate to the project on March 3.

This is a significant move to ensure safety andsecurity for residents living near the construction site of the complex.

The expanded site has a total area of 110.4hectares spanning Trung Yen, Nam Yen, Trung Hau and Dong Yen hamlets in Hai Yencommune, Tinh Gia district.

Land clearance has been carried out since 2013 withthe resettlement of more than 1,000 households and the disarmament of bombs,mines, explosive materials and toxic substances. Local authorities have givenresettlement land for 985 households.

Director General of the NSRP complex TurkiAlajmi thanked local people in Hai Yen commune for ceding land for the refinery. 

This also creates extra land funds for theexpansion of the project in the future, he added.

Earlier on February 28, Nghi Son Refinery &Petrochemical Limited Liability Company received the Ready For Start Up (RFSU)certificate for its NSRP project.

Turki Alajmi said: “We are proud to achieve thiscritical milestone for the NSRP project today. The project is strategicallyimportant to meet the growing domestic demand for refined and petrochemicalproducts driven by rapid industrialisation and modernisation of the country.”

Hethanked all the stakeholders in the NSRPproject, including the Government and Thanh Hoa authorities, who have provided afavourable investment environment for the project.

The NSRP project is a joint venture sponsored byfour internationally reputed corporations including Vietnam Oil and Gas Group,Kuwait Petroleum Europe B.V. from Kuwait, Idemitsu Kosan Co. Ltd and MitsuiChemical, Inc. from Japan.

The refinery will have capacity to process200,000 barrels of crude oil per day imported from Kuwait, equivalent to 10million tonnes per year.

The total estimated cost of the project is 9 billion USD, makingit the largest foreign direct investment project in Vietnam to date.

The refinery is scheduled to produce its first commercial oilproducts in May this year. 

Once operational, the project will help ensure nationalenergy security. It is expected to contribute 10 trillion VND (436 million USD)to the local budget in 2018.-VNA

VNA
#Nghi Son Economic Zone #industrial parks #Nghi Son Oil Refinery and Petrochemical (NSRP) complex #land use right certificate #safety #security #expanded site #land clearance #households #resettlement #energy security #Vietnam Oil and Gas Group #Kuwait #Vietnamplus #Vietnam News Agency Thanh Hoa
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