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EPC Contract For Vietnam’s Largest Oil Refinery Challenge Signed

VietNamNet Bridge – The signing ceremony of the EPC contract for the Nghi Son oil refinery undertaking with a complete investment of $ 9 billion passed off this morning, January 27, in Thanh Hoa province, within the presence of Prime Minister Nguyen Tan Dung.

Prime Minister Nguyen Tan Dung attended the signing petroleum products act 1977 regulations korea ceremony in Thanh Hoa as we speak.

The contract was signed between the Nghi Son Petrochemical Co. Ltd. and a gaggle of design, gear supply and building contractors, after almost five years of preparation.

The Nghi Son oil refinery is a national key venture, covering an space of 400 hectares in the Nghi Son economic zone (Tinh Gia, Thanh Hoa). The refining capacity is expected to succeed in 200,000 barrels per day (equal to 10 million tons a 12 months,) with crude oil imported from Kuwait as uncooked material. The plant’s products embody liquefied petroleum gas, gasoline RON 92 and RON ninety petroleum products act 1977 regulations korea five, jet gas, diesel, paraxylene …

The total investment of this mission is nearly $9 billion, wherein loans from domestic and foreign banks are expected to be nearly $5 billion. Coal The remainder is the capital of the buyers, together with the Vietnam Oil and Gasoline Group (PVN) with 25.1%, the Kuwait Petroleum petroleum products act 1977 regulations korea Worldwide (KPI/KPE) 35.1%, Idemitsu Kosan Co. (Japan, IKC) 35.1%, and Mitsui Chemicals (Japan, MCI) 4.7%.