Vietnam to hand over site to US$6.2 billion Nghi Son oil refinery complex

The management board of the US$6.2-billion Nghi Son oil refinery and petrochemical complex plans to hand over cleared site to the project’s investor on August 31, 2010 to facilitate the project’s kick-start on schedule. The board said it will ensure completion of relocation of people displaced by the complex to be located in the central province of Thanh Hoa through April 30, 2010, the Nhan dan newspaper reported. Construction of the 325-hectare complex is expected for the kick-start at the Nghi Son Economic Zone in Tinh Gia district in the fourth quarter of this year, with a planned operation for the first phase in 2013. With a capacity of refining 200,000 barrels of crude oil per day or 10 million tons per annum (MTPA), the complex is expected to produce annually 2.4 million tons of gasoline, 3.8 million tons of diesel, 400,000 tons of polypropylene, 600,000 tons of jet fuels and nearly one million tons of other chemicals. (March 12, 2010)