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Vietnam's Nghi Son refinery produces 4.6 mln tonnes in first year

Thursday, December 12, 2019, 17:26 GMT+7
Vietnam's Nghi Son refinery produces 4.6 mln tonnes in first year
The Nghi Son oil refinery. Photo: N.An / Tuoi Tre

Vietnam’s Nghi Son oil refinery (NSRP) has produced 4.6 million tonnes of petroleum fuel in its first year of commercial operation, reducing the country’s reliance on foreign petroleum imports, the company said on Thursday.

The $9 billion refinery, which begun commercial production in December 2018, met a third of Vietnam’s demand for petroleum fuel products, the company said in a statement.

The statement said NSRP, Vietnam’s second refinery, had contributed over 11.66 trillion dong ($502.69 million) to the state budget as of November this year.

The 200,000-barrel-per-day (bpd) refinery, located 260 km (160 miles) south of Hanoi, is 35.1% owned by Japan’s Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals Inc.

Reuters

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