Nghi Son Refinery

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Nghi Son Refinery is the second major oil refinery, about 200 kilometres (120 mi) south of Hanoi in Tinh Gia District of Thanh Hoa Province, Vietnam. The construction is expected to start in 2010, and it is expected to become operational by 2013.[1].

The project is currently under site-clearing phase. This site-clearing phase entails the resettlement of 350 households with 1,500 people and the surface leveling of the area.

Thanh Hoa authority hopes to complete this work within 22 months so the refinery construction can be officially started in April 2010.


[edit] Technical features

Nghi Son refinery would have a designed capacity of 10 million tons of crude oil annually with possibility to increase the capacity to of 20 million tons. It is expected to cost 6.2 US$ billion.[1] In addition to the refinery, the project will also include refined and material factories, energy facilities, pipeline and storage systems and an informatics system. In addition to LPG, unleaded gasoline, kerosene, jet fuel, diesel and FO, the refinery is projected to produce bitumen, propylene and BTX as a raw material for the petrochemical industry.[2] The refinery will be built by the consortium, which comprises Saha Regal Best of Thailand comprises Leighton Holdings, Honeywell and Global Union of Australia, Transkon Group of Malaysia, Jardin Lloyd Thompson of the U.K. and Kunming No. 1 Construction and Engineering of China.[3]

The refinery will be supplied with crude oil imports from Kuwait.[2]

[edit] Finance features

The project is developed by consortium of international companies. Petrovietnam will hold 25.1%, Idemitsu Kosan and Kuwait Petroleum International will each hold a 35.1%, and Mitsui Chemicals will have the remaining 4.7% of shares.[1] A contract to set up a joint venture was signed on 7 April 2008.[4]

Seventy percent of the construction costs for this refinery plant will be financed through the Japan Bank for International Cooperation.

[edit] References

  1. ^ a b c "Vietnam To Build Another Refinery with Kuwait, Japan Firms", Downstream Today, 2008-04-07. Retrieved on 2008-04-26. 
  2. ^ a b "Mitsui Set To Join Vietnam Refinery Project", Downstream Today, 2008-03-17. Retrieved on 2008-04-26. 
  3. ^ "Foreign Group Signs MOA To Build Vietnam's 2nd Oil Refinery", Downstream Today, 2008-01-07. Retrieved on 2008-04-26. 
  4. ^ Contracts inked to build nation’s 2nd oil refinery. VNS (2008-04-07). Retrieved on 2008-04-26.