Nghi Son refinery complex becomes operational this year

Feb 23rd at 08:41
23-02-2017 08:41:39+07:00

Nghi Son refinery complex becomes operational this year

The US$9 billion Nghi Son refinery and petrochemical complex in the central province of Thanh Hoa is expected to become operational in the last quarter of the year.

 

The Viet Nam National Oil and Gas Group (PetroVietnam) said the complex will complete important processes this year. Accordingly, it will complete mechanic works in March and start trial operations in the following month.

The project is scheduled to supply its first batch of oil in the third quarter of the year.

Following its operation, the complex will provide jobs to 1,400 people, including 1,200 Vietnamese labourers.

The 400ha project will meet 70 per cent of domestic demand for energy in the future, with an annual capacity of 10 million tonnes of crude oil (200,000 barrels) per day.

It will supply 2.3 million tonnes of gasoline, 2.9 million tonnes of diesel, 380,000 tonnes of polypropylene, 900,000 tonnes of aviation turbine fuel and nearly 700,000 tonnes of liquefied petroleum gas annually.

The project aims to meet the country’s increasing oil refinery demand while ensuring energy supply, thus creating momentum to attract foreign investment into Viet Nam.

bizhub



NEWS SAME CATEGORY

Petrolimex reports 50 per cent growth in net profit ahead of listing

Vietnam National Petroleum Group (Petrolimex), the biggest fuel distributor in Vietnam and where JX Nippon Oil and Energy Corporation is the sole foreign investor...

Titanium mining project rejected due to environmental risks

Authorities in the south-central province of Binh Thuan have turned down a proposed titanium mining project, saying that it could contaminate underground water...

VN refinery predicts profit dip

Its 2017 profits are forecasted to plunge 66 per cent from 2016 to VND1.68 trillion

SCG’s petrochemical project on ice again

Construction of Long Son Petrochemical Complex failed to start by the end of 2016, as was earlier announced by the investors, mainly because withdrawing partner...

Confectionery manufacturers forge ahead in Vietnam

Vietnam is fast becoming a treasured production base as well as consumption market for the world’s leading confectionery manufacturers.

Vinalines to develop logistics centre in the capital

Vietnam National Shipping Lines (Vinalines) plans to develop a large-scale logistics centre in the capital as part of its development strategy for 2020...

WB-loaned hydropower plant puts first turbine into use

The first turbine of the Trung Son plant, Viet Nam’s first hydropower project with credit loaned from the World Bank, in Thanh Hoa Province has begun generating...

Tetra Pak’s local base will back-end constant growth

The global processing and packaging solutions company Tetra Pak has received an investment certificate to build a $124 million paper-board carton factory in the...

Local drug firms captivate foreign clients with profits

2016 was a profitable year for Vietnam’s biggest pharmaceutical firms, making the lucrative industry more appealing for international groups.

First stage of Lien Chieu Port upgrade to cost $247m

Japanese consultants have recommended that Da Nang deploys the Public-Private-Partnership (PPP) model for the first stage of expanding the Lien Chieu Port, expected...


MOST READ


Back To Top