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

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.