Nghi Son refinery to contribute over 342 million USD to State budget
The Nghi Son refinery plant in the Nghi Son Economic Zone of the central province of Thanh Hoa, is expected to contribute about 8 trillion VND (342.6 million USD) to the State budget in 2018.
ThanhHoa (VNA) - The Nghi Son refineryplant in the Nghi Son EconomicZone of the central province of Thanh Hoa, is expected to contributeabout 8 trillion VND (342.6 million USD) to the State budget in 2018.
After six months of operation, the plant produced 12 types of products, meetingthe technical standards for domestic consumption and export.
The products ofNghi Son Refinery have been supplied to the market, including RON 92, RON 95,jet fuel, benzene, polypropylene, diesel, sulfur, and others.
Earnings from the plant’s exports reached 204 million USD in the period.
Nguyen Van Thi, head of the management board of Nghi Son Economic Zoneand Thanh Hoa industrial parks, said the plant will be officiallyput into commercial operation with a designed capacity of 10 million tonnes ofcrude oil/year (or 200 barrels of crude oil/day) from November 15.
The plant’s products are expected to meet 40 percent of domestic demand,contributing to ensuring national energy security, creating incentives forattracting investment to the industry and service, especially supportingindustry for the oil refinery sector.
The Nghi Son project has a total investment capital of over 9 billion USD. It is invested by a consortium of Kuwait International PetrochemicalCompany (KPC, 35.1 percent), and the Japanese firms Idemitsui Kosan (IKC, 35.1percent) and Mitsui Chemicals (MCI, 4.7 percent). The rest is contributed by thestate-run Vietnam Oil and Gas Group (PetroVietnam).
In the coming time, the KPC will invest over 5 billion USD to extend the project and build a crude stockpileas well as other important projects in Thanh Hoa.-VNA
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Nghi Son refinery plant (Source: VNA) 
