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.
24-Jun-10 
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