Breaking News

Tweet TWEET

Vietnam Allocates Land for Kuwait Refinery Project, KUNA Says

The Vietnamese government allocated land for a joint Kuwaiti project to build a refinery and petrochemicals plant, KUNA news agency reported, citing Kuwait Petroleum Corp. magazine.

The land is now ready for excavation and basic construction, KUNA said. State-run KPC and the Japanese refiner Idemitsu Kosan Co. each has 35.1 percent stake in the Nghi Son refinery, while state-controlled Vietnam Oil & Gas Group holds 25.1 percent and Mitsui Chemicals Inc. (4183) holds the rest. The refinery is forecast to process 200,000 barrels per day.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.