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. holds the rest. The refinery is forecast to process 200,000 barrels per day.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE