Vietnamese
THE START OF VIETNAM’S LARGEST OIL REFINERY COMPLEX
Prime Minister Nguyen Tan Dung and delegates were pressing the buttons to start the project
In the morning of October 23, Nghi Son Refinery and Petrochemical Limited Liability Company began constructing Nghi Son petrochemical complex in Tinh Gia Province, Thanh Hoa.
This is a petrochemical complex with the largest power and investment in Vietnam cooperatively invested by the International Corporation of Vietnam, Kuwait Petroleum International Company, Idemitsu Kosan and Mitsui Chemicals (Japan).
Attending the ceremony, Mr. Nguyen Tan Dung, Member of the Politburo Commissioner and Prime Minsiter; Mr. Pham Quang Nghi, member of the Politburo Commissioner, Secretary of Hanoi Party Committee; Mr. Uong Chu Luu, Member of the Party Central Committee and Deputy Chairman of the National Assembly; Former General Secretary Le Kha Phieu; Former Prime Minister Phan Van Khai; former Party and government leaders; heads of departments and Central Ministries, leaders of Thanh Hoa province, Vietnam Oil and Gas Group (PVN), and Nghi Son Refinery Limited Company belonged to Vietnamese side. The foreign investors consisted of Deputy Prime Minister and Minister of Kuwait Oil Minister Mustafa Al-Shemali; representatives of the Government of Japan and Kuwait.
The United Nghi Son Refinery is a key national project. The project has a total investment of $ 9 billion invested by Kuwait Petroleum International Company – KPI, Vietnam Oil and Gas Corporation, Idemitsu Kosan, Mitsui Chemicals (Japan) and other international financial organizations. With the combination of experienced international contractors headed by JGC (Japan), the project will be carried out in about 4 years.
The project is having a capacity of 10 million tons of petrochemical products every year and scheduled to finish in 2017. The Nghi Son petrochemical complex plays an impotant role in ensuring energy security and promoting economic development and industrialization of Thanh Hoa province.
The project will meet the requirements of petrochemical product industrialization and modernization of the country. The construction and operation of the project is an important progress to step by step reach self-sufficiency of refined petroleum products and ensure the supply of energy. This is the project that has the largest direct foreign investment ever in Vietnam. The successful implementation of the project is an important factor to attract foreign investments to Vietnam, especially funds from Japan and the Middle East countries.
The report of 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 has ben completed negotiations and signed the loan applications with the international credit institutions to arrange up to $5 billion loans, and over $4 billion of capital distribution. This is a great success from the efforts of all the shareholders, the Nghi Son Refinery Ltd is a prerequisite of an effective project in the future “.
To ensure that the complex can operate safely, effectively and with high quality after 4 years, hundreds of experts from the investors and thousands of engineer officers from EPC contractors have been putting efforts into detailed design and preparation for equipment manufacturing worldwide. In the near future, 25,000 officials, engineers, construction workers, hundreds of thousands of tons of equipment and supplies will be assembled on site to build the project.
On behalf of PVN, the Chairman Phung Dinh Thuc commits: “Oil and Gas Corporation will partner with investment partners to fully implement the commitment and support of a project to build and operate the United Petrochemical Facilities with safety, schedule and quality assurance, contributing to a significant turning point of Nghi Son economic, spreading to Southern Thanh Hoa – Northern Nghe An”.
Speaking at the ceremony, Prime Minister Nguyen Tan Dung appreciated this significant project is particularly important in the socio-economic development and energy security of Vietnam. The Prime Minister praised: “I appreciate the efforts of Petro Vietnam, foreign investors, the Nghi Son Refinery company Ltd, the financial institutions and the EPC Contractor, who completed the large volume of documents arranging the loans and capital to be able to put the project into the construction process in a short time. The commencement of construction of the EPC contract today is just the first step, to successfully build and put into operation the project safely, effectively requires that the investors and the contractors must attempt more and cooperate more effectively”.
Prime Minister asked the investor – the Nghi Son Refinery company Ltd, the EPC Contractor to fulfill capacity and their experience to have a good cooperation and implement tasks well to ensure project schedule .After 40 months of construction it will go on operation with safety, high quality and bring efficient business.
At the ceremony, Prime Minister Nguyen Tan Dung also requires the authority of Thanh Hoa province to review and develop all the potential advantages of the province for this project and economic leverage for the province. Thanh Hoa province will continue taking care of lives for people in the areas of resettlement project . Especially Thanh Hoa province has to coordinate with investors to give training in place for local workers to provide for the project.
Mr. Mustafa Al-Shemali, Deputy Prime Minister and Minister of Kuwait oil, spoke on behalf of the Government and the Kuwait Petroleum Corporation: “Nghi Son petrochemical complex Project is a symbol of solidarity between people of the three countries Kuwait, Vietnam and Japan. The project is the crystallization of the mutual resources, experience and commitment, and is the foundation for lasting cooperation in the future between the three countries not only in the oil industry but also in all other industries.
Mr. Kazutoshi Shimmura, General Director of Nghi Son Refinery company ltd; Mr. Keisuke Takeuchi, Chairman and CEO of JGC, on behalf of the Combination of EPC Contractor; 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 assessing 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 Vietnam, Japan, Kuwait have pressed the button to officially commence the biggest Refinery Project in Vietnam.
Information about Nghi Son Refinery Complex Project
Nghi Son Petrochemical Refinery Complex Project is invested by Petroleum and Gas Group of Vietnam (PVN) of 25.1%, the Kuwait Petroleum International company(KPI/KPE) 35.1%, Idemitsu Kosan Co., Japan (IKC) 35.1%, Mitsui Chemical company of Japan (MCI) by 4.7% represented by the Nghi Son Refinery company ltd (NSRP).
Total investment: about $9 billion: $5 billion loan from JBIC, Kexim, NEXI and other banks.
Capacity of 10 million tons/year, crude oil is imported from Kuwait.
Products: LPG, petrol (RON 92, 95), Diesel (senior, common), Kerosene/jet fuel, Polypropylene, Para-xylene, benzene and sulfur.
Factory Premises: 400ha onshore site clearance and leveling has been completed.
Complete EPC tender: September 04/2011
EPC contractor: consortium of bidders as the company JGC Corporation (Japan) head and contractors: Chiyoda Corporation (Japan), GS Engineering & Construction Corporation (Korea), SK Engineering & Construction Co., Ltd. (Korea), Technip France (France), and Technip Geoproduction Sdn. Bhd (Malaysia).
Dredging contractors for marine works for the first time: Associates Contractors-PVC-Vinawaco PTSC
Project progress: 27/01/2013 signing EPC Contract; Implementation period of the EPC contract: 40 months; Date of implementation: 22.07.2013 EPC contract month; Expected commercial operation: Quarter III / 2017.
Source: www.petrotimes.vn
Source: https://www.ptsc.com.vn/vie/TTSK/DK/Kh-i-cong-khu-Lien-h-p-l-c-hoa-d-u-l-n-nh-t-Vi-t-Nam
