Vietnam's new Nghi Son refinery expects to get first crude oil in May

HANOI (Reuters) -- Vietnam's new $7.5 billion Nghi Son oil refinery expects to take delivery of its first crude oil in May and to have its first products by the third quarter of the year, the company said on Thursday.

Photo Courtesy of Nghi Son Refinery and Petrochemical LLC.
Photo Courtesy of Nghi Son Refinery and Petrochemical LLC.

The 200,000-bpd plant is Vietnam's second refinery and will process Kuwaiti crude oil to produce liquefied petroleum gases, gasoline, diesel, kerosene and jet fuel, mainly for the domestic markets.

Japan's Idemitsu Kosan and Kuwait Petroleum International each own 35.1% of Nghi Son Refinery and Petrochemicals, while PetroVietnam has 25.1% and Mitsui Chemicals 4.7%.

Vietnam's existing Dung Quat refinery meets about 30% of domestic demand.

Reporting by Mai Nguyen; Editing by Greg Mahlich

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