Nghi Son receives first crude oil shipment

Aug 24th at 10:59
24-08-2017 10:59:43+07:00

Nghi Son receives first crude oil shipment

Viet Nam’s largest oil project just took a significant step towards providing products for domestic and foreign markets.

 

On Tuesday, Thanh Hoa Province’s Nghi Son petrochemical refinery company received its first batch of crude oil from Kuwait. The 270,000 tonnes of oil will be used to prepare for the refinery’s trial run.

According to Nguyen Van Thi, head of the management board of Nghi Son Economic Zone where the refinery is located, the reception of the first batch of crude oil means the factory is closer to being ready to provide petrochemical and refined products for domestic consumption and export.

The Nghi Son Refinery is currently the largest oil project in the country with investment totalling US$9.2 billion. When in operation, it will have a refining capacity of 10 million tonnes of crude oil per year. The refinery is expected to strengthen Viet Nam’s national energy security.

The crude oil shipment received Tuesday was to be pumped from the oil tanker Millennium to a facility called Single Point Mooring Buoy. It is then transported through underwater pipes to three of the eight storage tanks, each of which can hold up to 112,000 cubic metres.

With a maximum capacity of 15,000 cubic metres per hour, it will take about 22 to 24 hours to pump the entire 270,000 tonnes of crude oil from the vessel to the refinery’s storage facilities.

Receiving the Millennium marked another milestone for the Nghi Son seaport: with a maximum capacity of 300,000 tonnes of crude oil, the ship is the largest crude oil vessel ever to dock in Viet Nam.

The refinery’s latest achievements come after mechanical completion was achieved in April. The plant was transferred from the contractor, a consortium of JGC Corporation, Chiyoda Corporation, Technip, SK Group and GS Group, to the operator, Nghi Son Refinery JSC, in May.

According to current plans, the factory will receive oil from three large-range oil tankers every month when it begins commercial operation.

bizhub



NEWS SAME CATEGORY

Foreign chains a launchpad for Vietnam goods to reach world market

More and more Vietnamese enterprises are exporting goods via foreign supermarket chains.

Project to aid female entrepeneurs begins

Tinh Thuong One Member Limited Liability Microfinance Institution (TYM) on Tuesday launched a project aiming to improve management skills for female entrepreneurs...

Capital for high-tech agriculture

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for...

US delays antidumping investigation on VN’s tool chests

The US Department of Commerce (DOC) on Monday announced the postponement of preliminary determinations of antidumping duty investigations on tool chests and...

Japan steelmaker to build factory in north

Japanese steelmaker Kyoei Steel Group has announced that it would build a US$200 million reinforcing bars factory in northern Viet Nam.

PVN and SCG commit to speeding up LSP complex

Vietnam Oil and Gas Group (PVN) and Siam Cement Public Company Limited (SCG) signed a memorandum of understanding (MoU) on speeding up the process of the Long Son...

Japanese steelmaker to construct factory in northern region

Japanese steelmaker Kyoei Steel Group has announced that it would build a US$200 million reinforcing bars factory in northern Viet Nam.

Experts urge use of agricultural biotechnology as response to climate change

Agricultural biotechnology is one of the key tools that can improve the yield and quality of agricultural products in a time of climate change, experts said.

Vietnamese food wins hearts of Thai consumers at Bangkok expo

The 2nd Vietnamese Goods Expo currently organized in Bangkok, Thailand is generating great responses from local consumers, who show particular love for Vietnam’s...

Cut from master plan, Kyoei adamant on long-delayed steel plant

In spite of being warned to cut the project from its new steel master plan to 2020 with vision to 2030, Japanese steelmaker Kyoei Steel confirms its determination...


MOST READ


Back To Top