Japan-based Idemitsu Kosan Company would invest in a 188.52 trillion dong oil refinery in Vietnam. The co-investors in the project include Mitsui Chemicals, Inc., Kuwait Petroleum International, and PetroVietnam. Construction of the Nghi Son refinery with a production capacity of 200,000 barrels per day and the chemical complex is likely to begin by July 2013. The project will be partly funded through a 48.18 trillion dong loan from the Japan Bank for International Cooperation and the Export-Import Bank of Korea, as well as commercial borrowings worth 56.56 trillion dong. Commercial operations for the complex are planned in the second quarter of 2017.
