Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is considering doubling the capacity of its refinery complex, scheduled to start operations in July 2017, to 400,000 barrels per day (bpd) to meet growing domestic demand, said NSRP General Director Kazutoshi Shimmura.
Nghi Son Refinery and PetrochemicalLimited Liability Company (NSRP) is considering doubling the capacity ofits refinery complex, scheduled to start operations in July 2017, to400,000 barrels per day (bpd) to meet growing domestic demand, said NSRPGeneral Director Kazutoshi Shimmura.
Theproject was initially designed to produce 200,000 bpd, while localdemand is estimated to hit half a million bpd in 2017.
The NSRP is a joint venture between the Vietnam National Oil and GasGroup (PetroVietnam) which hold a 25.1 percent stake, Kuwait PetroleumInternational (35.1 percent) and other two Japan-based companies,Idemitsu Kosan and Mitsui Chemicals (35.1 percent and 4.7 percent,respectively).
The joint venture is also lookingto enter Vietnam’s petrol and oil retail industry which currentlyserves approximately 39 million vehicles nationwide.
Vietnam has about 12,000 petrol stations in total across the country,more than half of which have no added services, such as vehicle washingand maintenance.
The PetroVietnam owns up to 20 percent of the country’s petrol stations, presenting huge potential for the venture.-VNA
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