JavaScript is off. Please enable to view full site.

Vietnam's second refinery Nghi Son to export petrochemicals this month

Friday, June 08, 2018, 09:35 GMT+7

Vietnam's second oil refinery Nghi Son, which is expected to be fully operational by early August, will export its first petrochemical products later this month, the plant's chief executive officer told Reuters on Thursday.

The 200,000-barrel-a-day (bpd) facility, owned by Nghi Son Refinery and Petrochemical LLC, is already running at 55 percent capacity while it is undergoing a long start-up process, Chief Executive Turki Al-Ajmi told Reuters.

Nghi Son is scheduled to export its first batches of petrochemical products later this month, including benzene and paraxylene, Al-Ajmi said.

The facility, when fully operational, will deliver around 720,000 cubic meters (560,000 tonnes) of petroleum products and 150,000 tonnes of petrochemicals a month, making a significant impact on domestic and regional markets, he said.

Nghi Son, which is expected to reduce the country's reliance on refined product imports, sold its first batches of gasoline and diesel last month.

Vietnam's first refinery, the 130,000-bpd Dung Quat plant that started up production in 2009, and Nghi Son, when it is fully operational, will be able between them to meet about 70 percent of the country's demand for refined fuel products.

Deputy Chief Executive Officer Dinh Van Ngoc told Reuters on Wednesday that the start-up process at Nghi Son is "going smoothly without any technical problems."

The new refinery is designed to process mostly crude oil imported from Kuwait.

The $9 billion Nghi Son refinery, 260 km (160 miles) south of Hanoi, is 35.1 percent owned by Japan's Idemitsu Kosan Co , 35.1 percent by Kuwait Petroleum , 25.1 percent by state-run PetroVietnam and 4.7 percent by Mitsui Chemicals Inc.

Nghi Son will sell all of its gasoline, diesel products and liquefied petroleum gas on the local market, while other products, including petrochemicals, will be exported, Ngoc said.

Vietnam imported 5.56 million tonnes of refined fuels in the first five months this year, up 11 percent from a year ago, according to the government's General Statistics Office.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Reuters / Tuoi Tre News


Read more




Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Latest news

Table Mountain wildfire threatens University of Cape Town

A wildfire on the slopes of South Africa's Table Mountain forced University of Cape Town students to evacuate on Sunday, as runaway flames set several campus buildings ablaze and firefighters used helicopters to water-bomb the area