April 7 (Reuters) - Vietnam on Monday is taking another
step closer to becoming oil product self-sufficient, as it
secures a $6 billion joint venture contract for its second
refinery with a capacity of 200,000 barrels per day (bpd).
The Nghi Son refining and petrochemical complex in Thanh
Hoa province, about 200 km (124 miles) south of the capital
Hanoi, is expected to go onstream in five years, said oil
monopoly Petrovietnam which hold a 25.1 percent stake in the
plant.
For story, click on [ID:nHAN203524]
The project, in which Japanese refiner Idemitsu Kosan Co
(5019.T) and Kuwait Petroleum International each holds a 35.1
percent stake, is the country's first foreign investment in oil
refining sector, Petrovietnam officials said.
The following is a selection of major refineries and
petrochemical projects under planning in the Southeast Asian
country: INVESTORS PROJECT
INVESTMENT
DATE OF COMPLETION OIL REFINERY/PETROCHEMICAL Petrovietnam
140,000 bpd-Dung Quat Refinery $2.5 bln 2009
Petrovietnam/KPI /Idemitsu/Mitsui* 200,000 bpd-Nghi Son
refinery $6.00 bln
2013 Petrovietnam/PVDSA* Long Son refinery $7.00
bln
2015 Technostar Management/Telloil Vung Ro refinery $1.70
bln
2011 Siam Cement Long Son petrochemical complex $3.70
bln
2013 SP Chemicals SINP.SI Phu Yen naphtha cracker $1.50
bln
2014 Petrosetco/Itochu Ethanol plant $100
mln
2009 Petrosetco/Bronzeoak Ethanol plant $138
mln
n/a BP/ConocoPhilips/ONGC Videsh Gas pipeline $1.3
bln
2002 Chevron Gas pipeline Block B, 48/95,52/97 $4.3
bln
n/a
* State oil firm Petrovietnam has yet to finalise the joint
venture. (Compiled by Nguyen Nhat Lam; Editing by Ramthan
Hussain) ((nhatlam.nguyen@reuters.com ; +844 825 96 23; Reuters
Messaging: nhatlam.nguyen.reuters.com@reuters.net))
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