The proposal to speed up development progress of Nghi Son Oil Refinery Project
15:03 | 23/11/2017
Emphasizing the special important meaning of Nghi Son Refinery for Thanh Hoa economic development, the province had a high degree of concentration to solve the difficulties and created the most favorable conditions for the project to be deployed in schedule and operated as soon as possible.
Thanh Hoa leaders also asked the constructors to additionally construct a conditioning reservoir for waste water settlement to avoid environmental pollution in the project operation later.
Exchanging with Thanh Hoa leaders, Mr. Yota ONO said that Nghi Son Refinery is one of the most important projects of Japanese enterprises in Vietnam. This is also a project, in which the most modern technology and equipment are applied and when being in operation, it will contribute to economic development in Thanh Hoa province, particularly and in Vietnam, generally. With this complex, Vietnam would also become one of the leading countries in Asia on oil refinery and petrochemical technology.
Nghi Son Refinery with a total investment level of US$ 9.0 billion, invested by Kuwait Petroleum International (KPI, a member of Kuwait Petroleum Corporation - KPC); Idemitsu Kosan, Chemical company (Japan); and PetroVietnam.
The project was officially licensed (firstly) in the beginning of 2008 and started for construction in October of 2013. The capacity of the project is expected to rise to 20 million tons per year by 2020 or sooner.