Kuwait Petroleum International to break ground on Vietnam refinery and petrochemical complex in July

19-Jun-13

Kuwait Petroleum International (Q8) will break ground on its refinery and petrochemical complex in Vietnam in July, as per tankstoragemag.com. Construction is scheduled for completion by the end of 2016 before the facility comes online in Q2-2017. The US$9 bln Nghi Son Refinery and Petrochemical Complex, to be built in the northern province of Thanh Hoa, is a joint venture between Q8, PetroVietnam, Idemitsu Kosan and Mitsui Chemicals. In addition to the petrochemical complex, the project also includes new storage infrastructure and pipelines. It will handle products such as petrol, diesel and jet fuel for sale to the local market. The crude for the refinery will be supplied by Q8's parent company, Kuwait Petroleum Corp. It will be able to refine up to 200,000 bpd (10 mln tons of crude oil. )