National Focus

Vietnam's US$9 billion refinery is ready for operation from February 28

By Linh Lan February 28, 2018 | 04:40 PM GMT+7

Nghi Son refinery, Vietnam’s second oil refinery, is ready for commercial start-up from February 28, according to the latest announcement released by the Vietnam National Oil and Gas Group (PetroVietnam).

Nghi Son oil refinery

The US$9-billion Nghi Son refinery which is located in Thanh Hoa province, was built to cope with a shortage of refined oil products in Vietnam.

Previously, the operation of Nghi Son refinery was expected to start in the first quarter of 2018, but delayed due to technical problems.

Dung Quat refinery, Vietnam's first oil refinery, currently supplies 30 per cent of the country's total fuel. The thing that Nghi Son refinery with a capacity of 200,000 barrels per day is put into operation will help meet 80 per cent of domestic demand on fuel.

Nghi Son refinery has been delayed several times, but it is expected to start producing commercial products such as paraxylene (petrochemicals) from this April and gasoline A95 and diesel from May 5, PetroVietnam revealed.

Both Kuwait Petroleum International (KPI) and Japan-based Idemitsu Kosan Petroleum have a 35.1 per cent stake in Nghi Son refinery. Meanwhile, the Japan-based Mitsui Chemicals hold a 25.1 per cent stake and a 4.7 stake, respectively.

Earlier, on February 24, Siam Cement Group of Thailand and PetroVietnam kicked off a US$5.4-billion Long Son Petrochemicals (LSP) in Long Son commune, Vung Tau city, Ba Ria – Vung Tau province. LPS project is expected to be completed and put into operation by 2022.

Lives under the scorching sun: Outdoor workers racing against climate change

Lives under the scorching sun: Outdoor workers racing against climate change

National Focus -  3 week

Under unforgiving conditions, the outdoor workers - the backbone of urban economies - endure the harshest impacts of climate change while remaining overlooked by social safety nets. Their resilience and struggles highlight the urgent need for better protection in the face of rising temperatures and precarious livelihoods.

CEO Group chairman unveils guide to Vietnam real estate for foreigners

CEO Group chairman unveils guide to Vietnam real estate for foreigners

National Focus -  3 month

Doan Van Binh, Chairman of CEO Group and Vice President of the Vietnam National Real Estate Association, introduced his latest book, “Vietnam Real Estate for Foreigners,” at a launch event in Hanoi on Friday.

Women leading the charge in Vietnam's green transition

Women leading the charge in Vietnam's green transition

National Focus -  4 month

Acting for increased women’s participation and leadership in climate action, Vietnam can accelerate a transition that is more inclusive, just, and impactful.

Steam for girls: A journey of passionate and creative girls

Steam for girls: A journey of passionate and creative girls

National Focus -  4 month

The "Steam for girls 2024" competition provides a creative platform for Steam and an opportunity for students to connect with peers from various regions within Vietnam and internationally.

Politburo backs North-South high-speed railway proposal

Politburo backs North-South high-speed railway proposal

National Focus -  5 month

The Politburo on Wednesday supported a plan to invest in a high-speed railway along the country’s North-South axis, marking a crucial step for the multi-billion-dollar project aimed at boosting economic growth and infrastructure development.

Ho Chi Minh City inaugurates Japan-funded wastewater treatment plant

Ho Chi Minh City inaugurates Japan-funded wastewater treatment plant

National Focus -  5 month

Ho Chi Minh City has inaugurated the expanded Binh Hung wastewater treatment plant, now the largest facility of its kind in Vietnam.