Groundbreaking the biggest Refinery and Petrochemical Complex in Vietnam
In the morning of October 23, 2013, Nghi Son Refinery and Petrochemical Limited Liability Company organized starting construction Petrochemical Complex in Nghi Son Tinh Gia district, Thanh Hoa province.
This is a petrochemical complex with a capacity and investment in Vietnam by the National Petroleum Corporation of Vietnam, the International Oil Company Kuwait – KPI, Idemitsu Kosan and Mitsui Chemicals (Japan) JV invest.
Attending the ceremony, towards Vietnam with Mr. Nguyen Tan Dung, member of the Politburo, the Prime Minister; Mr. Pham Quang Nghi, Politburo member, Secretary of Hanoi Party Committee; Mr. Uong Chu Luu, the Party Central Committee, Vice Chairman of the National Assembly; former General Secretary Le Kha Phieu, former Prime Minister Phan Van Khai; former comrades Party and government leaders, heads of departments and Central Government ministries, leaders of Thanh Hoa province, Vietnam Oil and Gas Group (PVN), the leader company Nghi Son Refinery Limited. To the foreign investors Deputy Prime Minister Mustafa Kuwait Oil Minister Al-Shemali; representatives of the Government of Japan and Kuwait.
Nghi Son Refinery and Petrochemical Complex project is a key national project. The project has a total investment of US $ 9 billion investment by international oil company Kuwait – KPI, Vietnam Oil and Gas Corporation, Idemitsu Kosan, Mitsui Chemicals (Japan) and the international financial institutions. With the combination of international contractors with experience, led by company JGC (Japan), the project will be built in about 4 years.
The project is expected to complete construction in 2017, has a capacity of 10 million tons of petrochemical products per year. United Nghi Son Refinery role ensuring energy security and promote economic development and industrialization of Thanh Hoa province.
The project will meet the needs of petrochemical products of the process of industrialization and modernization of the country. The construction and operation of the project is an important step to step by step toward self-sufficiency of refined petroleum products and ensure the supply of energy. These are projects with capital foreign direct investment from the largest ever in Vietnam. The successful implementation of the project is an important factor in attracting foreign investment in Vietnam, especially in the capital of Japan and the Middle East.
Report on progress in implementing the project, the Chairman PVN Phung Dinh Thuc said: “With the support of the Party and Government of Vietnam and the Government of Japan, Kuwait, during the 5-year project signed EPC contract, which completed negotiations and signed the loan applications with the international credit institutions arrange loans of up to $ 5 billion, and over $ 4 billion of capital. This is a great success from the efforts of all the shareholders, the company Nghi Son Refinery Limited is a prerequisite of an effective project in the future. ”
For safe operation complexes, quality, effective after four years, hundreds of experts from the investor and engineer officers thousands of contractors have been efforts EPC detailed design and manufacturing preparation equipment worldwide. Looking ahead, 25,000 officials, engineers, construction workers, hundreds of thousands of tons of equipment and supplies, will gather on the site to build the project.
On behalf of PVN, chairman Phung Dinh Thuc commitment: “Oil and Gas Corporation will partner with investment partners to fully implement the commitments and support the project aims to build and operate the United Petrochemical Facilities Son safety, schedule and quality assurance, contributing to a significant turning point Nghi Son economic, spreading to the South of Thanh Hoa province – North of Nghe An province “.
Speaking at the ceremony, Prime Minister Nguyen Tan Dung appreciated this significant project is especially important in the socio-economic development and energy security of Vietnam. The Prime Minister praised: “I appreciate the effort, the effort of Petro Vietnam, foreign investors, Ltd. Nghi Son Refinery, financial institutions and the EPC Contractor in a short time completed the large volume of documents arranging the loans and capital to be able to put the project into the construction process. The commencement of construction of the EPC contract today is just the first step, to build successful and put the project into operation safely, effectively requires the investor, the contractor must endeavor more and cooperate more effectively.
Prime Minister asked the investor – the company Nghi Son Refinery, the EPC Contractor to fulfill capacity and their experience to cooperate and implement the tasks in order to ensure project schedules Nghi Son Refinery and Petrochemical Complex after 40 months of construction will go on operating safety, high quality and efficient business.
At the ceremony, Prime Minister Nguyen Tan Dung also requested the review of Thanh Hoa province, promoting the potential advantages of the province for this project and create momentum for the provincial economy. Thanh Hoa Province continued attention, take care of life for people in areas of resettlement project area. Especially to coordinate with investors, training in place for local workers to provide project.
Mr. Mustafa Al-Shemali, Deputy Prime Minister and Minister of Oil of Kuwait, Kuwait on behalf of the Government and the Kuwait Petroleum Corporation, said: “Nghi Son refinery and petrochemical complex is a symbol of solidarity among workers three countries Kuwait, Vietnam and Japan. The project is the quintessence of the common resources, experience and commitment, the foundation for lasting cooperation in the future between the three countries not only in the oil industry but also in all other areas.
Mr. Kazutoshi Shimmura, General Director of Nghi Son Refinery Limited; Mr. Keisuke Takeuchi, Chairman and CEO of JGC, on behalf of the EPC Consortium; Mr. Hiroshi Fukada, Ambassador Extraordinary and Plenipotentiary of Japan in Vietnam; Mr. Mai Van Ninh, member of the Party Central Committee, Secretary of the provincial Party Committee and Chairman of Thanh Hoa Provincial Council … also had speeches evaluated the importance of the project and acknowledged the contributions of governments promoting the project on schedule.
At the ceremony, Prime Minister Nguyen Tan Dung and other leaders of the Party and State of Vietnam, Japan, Kuwait has officially started press Refinery Project in Vietnam.
Information about Nghi Son Refinery and Petrochemical Complex Project
Nghi Son Refinery and Petrochemical Complex Project invested by Vietnam Oil and Gas Group (PVN) of 25.1%, the company Kuwait Petroleum International (KPI / KPE) 35.1%, Idemitsu Kosan Co., Japan (IKC) 35.1%, Mitsui Chemical Company of Japan (MCI) by 4.7%. Represented by the company Nghi Son Refinery Limited (NSRP).
Total investment: about $ 9 billion, $ 5 billion loan from JBIC, Kexim, NEXI and other banks.
Capacity of 10 million tons / year crude oil processing were imported from Kuwait.
Product: Gas LPG, petrol (RON 92, 95), Diesel (senior, usually), Kerosene / jet fuel, Polypropylene, Para-xylene, benzene and sulfur.
Factory Premises: 400ha onshore site clearance and leveling has been completed.
Complete EPC tender: September 04 th, in 2011
EPC Contractor: consortium of bidders by the company JGC Corporation (Japan) head and contractors: Chiyoda Corporation (Japan), GS Engineering & Construction Corporation (South Korea), SK Engineering & Construction Co., Ltd. (Korea), Technip France (France), and Technip Geoproduction (M) Sdn. Bhd (Malaysia).
Contractors initial dredging of marine projects: Consortium Contractor PTSC-PVC-Vinawaco.
Progress of Project: 01.27.2013 EPC Contracting; Implementation period 40 months the EPC contract; Date of implementation 07.22.2013 EPC contract month; It is expected that commercial operation: QIII / 2017.
This is a petrochemical complex with a capacity and investment in Vietnam by the National Petroleum Corporation of Vietnam, the International Oil Company Kuwait – KPI, Idemitsu Kosan and Mitsui Chemicals (Japan) JV invest.
Attending the ceremony, towards Vietnam with Mr. Nguyen Tan Dung, member of the Politburo, the Prime Minister; Mr. Pham Quang Nghi, Politburo member, Secretary of Hanoi Party Committee; Mr. Uong Chu Luu, the Party Central Committee, Vice Chairman of the National Assembly; former General Secretary Le Kha Phieu, former Prime Minister Phan Van Khai; former comrades Party and government leaders, heads of departments and Central Government ministries, leaders of Thanh Hoa province, Vietnam Oil and Gas Group (PVN), the leader company Nghi Son Refinery Limited. To the foreign investors Deputy Prime Minister Mustafa Kuwait Oil Minister Al-Shemali; representatives of the Government of Japan and Kuwait.
Nghi Son Refinery and Petrochemical Complex project is a key national project. The project has a total investment of US $ 9 billion investment by international oil company Kuwait – KPI, Vietnam Oil and Gas Corporation, Idemitsu Kosan, Mitsui Chemicals (Japan) and the international financial institutions. With the combination of international contractors with experience, led by company JGC (Japan), the project will be built in about 4 years.
The project is expected to complete construction in 2017, has a capacity of 10 million tons of petrochemical products per year. United Nghi Son Refinery role ensuring energy security and promote economic development and industrialization of Thanh Hoa province.
The project will meet the needs of petrochemical products of the process of industrialization and modernization of the country. The construction and operation of the project is an important step to step by step toward self-sufficiency of refined petroleum products and ensure the supply of energy. These are projects with capital foreign direct investment from the largest ever in Vietnam. The successful implementation of the project is an important factor in attracting foreign investment in Vietnam, especially in the capital of Japan and the Middle East.
Report on progress in implementing the project, the Chairman PVN Phung Dinh Thuc said: “With the support of the Party and Government of Vietnam and the Government of Japan, Kuwait, during the 5-year project signed EPC contract, which completed negotiations and signed the loan applications with the international credit institutions arrange loans of up to $ 5 billion, and over $ 4 billion of capital. This is a great success from the efforts of all the shareholders, the company Nghi Son Refinery Limited is a prerequisite of an effective project in the future. ”
For safe operation complexes, quality, effective after four years, hundreds of experts from the investor and engineer officers thousands of contractors have been efforts EPC detailed design and manufacturing preparation equipment worldwide. Looking ahead, 25,000 officials, engineers, construction workers, hundreds of thousands of tons of equipment and supplies, will gather on the site to build the project.
On behalf of PVN, chairman Phung Dinh Thuc commitment: “Oil and Gas Corporation will partner with investment partners to fully implement the commitments and support the project aims to build and operate the United Petrochemical Facilities Son safety, schedule and quality assurance, contributing to a significant turning point Nghi Son economic, spreading to the South of Thanh Hoa province – North of Nghe An province “.
Speaking at the ceremony, Prime Minister Nguyen Tan Dung appreciated this significant project is especially important in the socio-economic development and energy security of Vietnam. The Prime Minister praised: “I appreciate the effort, the effort of Petro Vietnam, foreign investors, Ltd. Nghi Son Refinery, financial institutions and the EPC Contractor in a short time completed the large volume of documents arranging the loans and capital to be able to put the project into the construction process. The commencement of construction of the EPC contract today is just the first step, to build successful and put the project into operation safely, effectively requires the investor, the contractor must endeavor more and cooperate more effectively.
Prime Minister asked the investor – the company Nghi Son Refinery, the EPC Contractor to fulfill capacity and their experience to cooperate and implement the tasks in order to ensure project schedules Nghi Son Refinery and Petrochemical Complex after 40 months of construction will go on operating safety, high quality and efficient business.
At the ceremony, Prime Minister Nguyen Tan Dung also requested the review of Thanh Hoa province, promoting the potential advantages of the province for this project and create momentum for the provincial economy. Thanh Hoa Province continued attention, take care of life for people in areas of resettlement project area. Especially to coordinate with investors, training in place for local workers to provide project.
Mr. Mustafa Al-Shemali, Deputy Prime Minister and Minister of Oil of Kuwait, Kuwait on behalf of the Government and the Kuwait Petroleum Corporation, said: “Nghi Son refinery and petrochemical complex is a symbol of solidarity among workers three countries Kuwait, Vietnam and Japan. The project is the quintessence of the common resources, experience and commitment, the foundation for lasting cooperation in the future between the three countries not only in the oil industry but also in all other areas.
Mr. Kazutoshi Shimmura, General Director of Nghi Son Refinery Limited; Mr. Keisuke Takeuchi, Chairman and CEO of JGC, on behalf of the EPC Consortium; Mr. Hiroshi Fukada, Ambassador Extraordinary and Plenipotentiary of Japan in Vietnam; Mr. Mai Van Ninh, member of the Party Central Committee, Secretary of the provincial Party Committee and Chairman of Thanh Hoa Provincial Council … also had speeches evaluated the importance of the project and acknowledged the contributions of governments promoting the project on schedule.
At the ceremony, Prime Minister Nguyen Tan Dung and other leaders of the Party and State of Vietnam, Japan, Kuwait has officially started press Refinery Project in Vietnam.
Information about Nghi Son Refinery and Petrochemical Complex Project
Nghi Son Refinery and Petrochemical Complex Project invested by Vietnam Oil and Gas Group (PVN) of 25.1%, the company Kuwait Petroleum International (KPI / KPE) 35.1%, Idemitsu Kosan Co., Japan (IKC) 35.1%, Mitsui Chemical Company of Japan (MCI) by 4.7%. Represented by the company Nghi Son Refinery Limited (NSRP).
Total investment: about $ 9 billion, $ 5 billion loan from JBIC, Kexim, NEXI and other banks.
Capacity of 10 million tons / year crude oil processing were imported from Kuwait.
Product: Gas LPG, petrol (RON 92, 95), Diesel (senior, usually), Kerosene / jet fuel, Polypropylene, Para-xylene, benzene and sulfur.
Factory Premises: 400ha onshore site clearance and leveling has been completed.
Complete EPC tender: September 04 th, in 2011
EPC Contractor: consortium of bidders by the company JGC Corporation (Japan) head and contractors: Chiyoda Corporation (Japan), GS Engineering & Construction Corporation (South Korea), SK Engineering & Construction Co., Ltd. (Korea), Technip France (France), and Technip Geoproduction (M) Sdn. Bhd (Malaysia).
Contractors initial dredging of marine projects: Consortium Contractor PTSC-PVC-Vinawaco.
Progress of Project: 01.27.2013 EPC Contracting; Implementation period 40 months the EPC contract; Date of implementation 07.22.2013 EPC contract month; It is expected that commercial operation: QIII / 2017.
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