​Vietnam’s second refinery ready for operation

The Nghi Son Oil Refinery and Petrochemical complex, the second of its kind in Vietnam, held a Ready for Start-up ceremony on Wednesday to celebrate the milestone of its readiness to receive shipment of crude oil for commercial production. The operational mechanisms in the US$9 billion facility, located in the north-central province of Thanh Hoa, are completely installed and will be ready to begin the production of the plant’s first commercial products, including Euro 5-standardized A95 petrol and diesel oil, in May, its operator announced at the ceremony. By that point, Nghi Son, with a total annual production capacity of 10 million metric tons of petrochemicals, will have helped ensure national energy security and contributed approximately VND10 trillion ($436 million) to the local budget by the end of 2018. Nghi Son will process Kuwaiti crude oil to produce liquefied petroleum gas, gasoline, diesel, kerosene and jet fuel, mainly for the domestic market. Nghi Son Oil Refinery and Petrochemical officials are seen at the ceremony in Thanh Hoa Province, located in north-central Vietnam, on February 28, 2018. Photo: PetroVietnam Another strategic aspect of the project is its potential role in helping Vietnam meet the increasing demand for petrochemical products to serve the country’s industrialization and modernization, Turki Alajmi, general director of the complex, underlined at the ceremony. Built in the Nghi Son Economic Zone with a total investment of more than $9 billion, the complex is Vietnam’s largest national oil and gas project. The country’s first oil refinery, Dung Quat, was developed… [Read full story]


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