An additional investment of $200 million is being planned for the Nghi Son petrochemical complex project in north central Vietnam. The investment will be in addition to the initial intended investment of $9 billion. The project is a JV between PetroVietnam, Kuwait Petroleum International, Japan’s Idemitsu Kosan and Mitsui Chemicals. The operations at the refinery, which has an estimated capacity of 200,000 barrels per day, are expected to begin from 2017. The Japan Bank for International Cooperation and the Korea Exim Bank have committed loans amounting to $2.3 billion for the project.
