News Post
Vietnam's Nghi Son refinery begins commercial production
Vietnam’s Nghi Son oil refinery has officially begun commercial production following months of tests, the owner of the refinery said.
Commercial production had begun from Nov. 14, Nghi Son Refinery and Petrochemical LLC said in a statement, while a source at the refinery told Reuters the refinery was operating smoothly.
The $9 billion refinery is 35.1 percent owned by Japan’s Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1 % by PetroVietnam and 4.7% by Mitsui Chemicals Inc.
The 200,000 bpd Nghi Son refinery, 160 miles south of Hanoi, offered its first gasoline export cargo in September after receiving approval from the government to begin exporting fuel products.
Nghi Son and the 130,000-bpd Dung Quat refinery, which began production in 2009, are together expected to meet about 70% of Vietnam’s refined oil product demand. (
REUTERS Reporting by Khanh Vu; Editing by Sai Sachin Ravikumar
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