Nghi Son Refinery produces first batch of commercial products

Wednesday, 2018-05-02 10:45:50
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Nghi Son Refinery
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NDO - The Nghi Son Refinery, located in Vietnam’s north central province of Thanh Hoa, has shipped the first consignment of RON 92 petrol to its partners, the facility operator announced on May 1.

The US$9.3 billion plant is expected to release another two refined products in less than two weeks.

In the first stage, the plant will be able to refine 200,000 barrels of crude oil a day, equivalent to 10 million tonnes of crude oil a year, nearly double the capacity of Dung Quat, Vietnam’s first established refinery.

The plant, whose construction commenced in October 2013 and was completed in April 2017, is funded by a consortium of PetroVietnam, Kuwait KPI, Idemitsu Kosan, and Mitsui.

Its input oil is provided entirely by Kuwait while its products include petrol, liquefied petroleum gas, kerosene, jet fuel, and other derivatives such as benzene and polypropylene.

The official operation of the Nghi Son Refinery is expected to contribute 8% to Thanh Hoa’s economic growth in 2018 and VND9 trillion (nearly US$400 million) to the province’s budget.

The project is also anticipated to drive the oil refinery’s supporting industries and services in the local economy.

Once fully operational, the Nghi Son Refinery will meet 40% of the domestic demand and transform the Nghi Son Economic Zone, where the plant is based, into the economic engine of Thanh Hoa province.