Ground will be broken today for a giant oil refinery in Thanh Hoa Province to be built by Petrovietnam and three foreign partners.
Construction begins within a month after the partners signed an agreement on April 7.
Around 20,000 people will be moved and 900 ha cleared in the Nghi Son Economic Zone by June next year.
Petrovietnam holds a 25.1 percents take in the plant, Japanese refiner Idemitsu Kosan Co. and Kuwait Petroleum International 35.1 percent each, and Japan’s Mitsui Chemicals 4.7 percent.
The first stage of the country’s largest ever project – the Nghi Son Refinery and Petrochemical Complex – will cost an estimated US$6 billion.
It is likely to be completed in 60 months.
When operational, the refinery will produce 200,000 barrels a day or 10million tons a year.
The crude will be supplied by Kuwait Petroleum Corp. and Kuwait Petroleum International.
With the completion of the second stage, the complex’s capacity will double.
Nghi Son, the country’s second refinery after the first one at Dung Quat in Quang Ngai Province which is under construction, is expected to provide Vietnam an opportunity to become a supplier of oil for the region
No comments:
Post a Comment