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Biggest oil refinery starts commercial operations

VGP – PM Nguyen Xuan Phuc on Sunday attended a ceremony to put Nghi Son oil refinery and petrochemical complex into commercial operations after more than five-year construction.

Overview of the Nghi Son oil refinery and petrochemical complex

The US$ 9 billion plant, located in Thanh Hoa province, has the capacity to process 200,000 oil barrels a day.

Speaking at the event, PM Phuc said output of the Nghi Son and Dung Quat refineries will meet around 80-90% local demand.

The complex is a good symbol of effective international cooperation thanks to special assistance from the Government of Viet Nam, Japan and Kuwait as well as great efforts of investors, emphasized the Government chief.

Earlier on May 1, the pilot operation of Nghi Son Petrochemical Refinery (operating at a reduced capacity) was officially launched and produced the first batch of RON A92 petrol.

Besides, on May 23, the plant also successfully produced 5,000 cubic meters of diesel oil meeting all specifications and sold it on the domestic market.

Once the plant operates with its full designed capacity of 10 million tons of crude oil, it will contribute to decreasing petroleum and diesel imports.

Located at Nghi Son Economic Zone, about 180km South of Ha Noi, the project is invested by a consortium of Kuwait International Petrochemical Company (KPI, 35.1%), Idemitsui Kosan (IKC, 35.1%), and Mitsui Chemicals (MCI, 4.7%). The rest is contributed by state-run Viet Nam Oil and Gas Group (Petro Viet Nam).

The project has triple the construction size than the country's first refinery, Dung Quat Oil Refinery, and is kitted out with a range of modern technologies which are to be applied for the first time in Viet Nam./.

By Quang Minh

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