Construction work on the $9 billion Nghi Son refinery has begun. The refinery that will have a capacity of 200,000 barrels per day or 10 mtpa will be commissioned in 2017. The plant, located in Thanh Hoa province, will receive crude oil from Kuwait, which will be processed into liquefied petroleum gas, gasoline, diesel fuel, jet fuel, polypropylene, paraxylene, benzene, and sulphur. The country’s petroleum product demand is expected to reach 27 mtpa by 2025. Currently, it has one 6.5 mtpa operational refinery in the central province of Quang Ngai. Meanwhile, Japan-based JGC Corporation has won the bid to develop the $3.2 billion Vung Ro oil refinery in the central province of Phu Yen. The work will be undertaken on an EPC basis; it is expected to be completed in 48 months. The plant will have a capacity of 8 mtpa.
