Vietnam plans to commission its second refinery in May 2017

Vietnam plans to commission its second refinery in May 2017

The Vietnam Nghi Son oil refinery expects to receive first crude oil in May
2017 and to start production by the third quarter of the year. The project
is valued at US$7.5 bn and is expected to produce 200 000 bbl/d.

The Nghi Son facility will be Vietnam's second refinery. It will process
mostly Kuwaiti crude oil and generate LPGs (700 kt/year), gasoline (2.9
Mt/year), diesel (2.9 Mt/year), kerosene and jet fuel (900 kt/year) mainly
for the domestic markets.

The Nghi Son Refinery and Petrochemicals stakeholders are: the Japanese
company Idemitsu Kosan (35.1%), Kuwait Petroleum International (35.1%),
PetroVietnam (25.1%) and Mitsui Chemicals (4.7%).

At the moment, Vietnam's only Dung Quat refinery meets about 30% of the
country's domestic demand. The new refinery will be able to match 70% of the
domestic demand.

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Link to Original Article:
https://www.enerdata.net/publications/daily-energy-news/vietnam-plans-commis
sion-its-second-refinery-may-2017.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com