10/24/13, "Vietnam starts work on $9 bln refinery," Thanhniennews.com
"Construction on Vietnam’s second refinery
started Wednesday as the country plans to increase its petroleum output
to meet growing energy demand.
The Nghi Son refinery, which will cost a
total of around US$9 billion to build, will have a refining capacity of
200,000 barrels per day, or 10 million tons per year, once it comes
online in 2017.
As a team, the new plant and the existing
Dung Quat refinery are expected to satisfy 65 percent of the nation’s
oil and gas needs by 2020. Dung Quat, Vietnam’s first refinery, opened
in the central province of Quang Ngai in 2009.
Located in Thanh Hoa Province, about 200
kilometers south of Hanoi, the Nghi Son refinery will import oil from
Kuwait to process it into liquefied petroleum gas (LPG), gasoline,
diesel fuel, jet fuel, polypropylene, paraxylene, benzene and sulphur.
Speaking at the groundbreaking ceremony,
Prime Minister Nguyen Tan Dung appreciated the efforts of PetroVietnam
and foreign partners for arranging capital and completing investment
procedures to enable the groundbreaking. Dung required relevant ministries and
agencies to support the investor, Nghi Son Refinery and Petrochemical
Company, to implement the project.
The refinery is a joint venture between
Petro Vietnam, Kuwait Petroleum International, Japan's Idemitsu Kosan
and Mitsui Chemicals.
A consortium led by Japan's JGC Corp.,
Chiyoda Corp., GS Engineering &; Construction Corp., SK Engineering
&; Construction Co., Technip France, and Malaysia’s Technip
Geoproduction are the contractors.
Vietnam has forecast that the demand for petroleum products would reach 27 million tons per year by 2025.
As part of efforts to meet the country’s
growing energy needs, Dung Quat aims to increase its output to 10
million tons per year by 2015 from its current output of 6.5 million
PetroVietnam is also preparing to build
the 10-million-ton-per-year Long Son refinery in southern Ba Ria-Vung
Tau province, slated for completion in 2018.
Meanwhile, the UK's Technostar Management
and Russia’s Telloil are planning to build the Vung Ro refinery with a
refining capacity of eight million tons per year in the south-central
province of Phu Yen." via Free Rep.
News that doesn't receive the necessary attention.
Wednesday, October 30, 2013
New $9 billion oil refinery in Vietnam to have 200,000 barrels/day capacity, will import oil from Kuwait to process into liquefied petroleum gas (LPG), gasoline, diesel fuel, jet fuel, and other substances-Thanhniennews
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