EPC contract for Nghi Son refinery and petrochemical project to be inked

24-Jun-10

Kuwait Petroleum International (KPI) along with its Vietnamese and Japanese counterparts is set to sign an engineering, procurement and construction (EPC) contract for the jointly-owned Nghi Son refinery and petrochemical project. KPI with 35.1% stake KPI established a joint venture in April 2008 with Vietnam government-owned PetroVietnam (holding 25.1% stake) and Japan’s Idemitsu Kosan Co. (holding 35.1% stake) and Mitsui Chemicals Inc. (holding 4.7%). The refinery is designed to process 100% Kuwaiti crude supplied by KPC with a daily refining capacity of 200,000 bpd, 1.5 times higher than the capacity of the existing 140,000 bpd Dung Quat oil refinery.