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Vietnam’s Nghi Son oil refinery start up delayed

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/05/2017 (12:22)
According to media reports, the start-up of Vietnam’s new Nghi Son oil refinery has been delayed to 2018 from the initial scheduled start-up in Q3 of 2017 due to some troubles with a mechanical test on some of the refinery’s components.

After the start-up, the $7.5 billion refinery will be able to process 200,000 barrels of oil per day (bpd) while output from the refinery will be directed mainly to the domestic market, which is expected to decrease the country’s imports of oil products.

Japan’s Idemitsu Kosan and Kuwait Petroleum International each have 35.1% of the new refinery, while Petro Vietnam and Mitsui Chemicals own 25.1% and 4.7% shares respectively.
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