VietNamNet Bridge – The investor of Nhon Hoi oil refinery project – the PTT Public Company Limited – next week will release the results of three international bidding packages, which are an important step for the launch of the oil refinery project in Nhon Hoi, Binh Dinh province.

The international bidding results will be announced by the authorities of Binh Dinh province and PTT in early August. Photo for illustration.

Mr. Le Huu Loc, chairman of Binh Dinh province, said the PTT had just registered with Binh Dinh to organize a press conference on August 6 to release information about three bidding packages for international consultancy in the fields of finance, markets and technology and to announce the official launch of the Nhon Hoi petrochemical project.

"At this meeting, PTT will announce the results of the three international consultancy bidding packages. The investor will also specifically analyze the sources of finance, the source of crude oil and the output products as well as technology and equipment of the plant in order to clear the doubts of the "feasibility" of this super petrochemical project," said Loc.

Binh Dinh province has suggested PTT to use Vietnamese consultants in the field of environment. The estimated time for finalizing the feasibility project is from 6 to 9 months, then PTT will submit the project to the relevant ministries and the Prime Minister for consideration and approval.

Binh Dinh Province has also decided to set up a consultancy team which consists of experienced professionals in the field of oil refinery, finance, banking, environment... led by Dr. Tran Du Lich.

The consultancy team will closely coordinate and support PTT to answer questions that the ministries concerned during the process of making the feasibility project.

Later this month, PTT’s mission which includes the representatives of some Thai universities will come to Quy Nhon to discuss with the University of Quy Nhon on manpower training for this project.

According to the pre-feasibility report, the Nhon Hoi petrochemical refinery will have a total investment of $27-$28 billion. The refinery will process 30 million tons of crude oil into more than 20 product lines per year, mainly for export. The crude oil will be imported from the Middle East, Africa and South Central America.

Nghi Son oil refinery’s building permit granted

The central province of Thanh Hoa on July 22 handed over the building ground and permit for the Nghi Son Refinery and Petrochemical Complex (NSRP), reported Vietnam Plus.

The $9-billion complex, covering an area of 400 ha in the Nghi Son Economic Zone in the province’s Tinh Gia district, is one of Vietnam’s key projects on national energy security and development strategies.

With an annual capacity of 10 million tons of oil, the NSRP will help ensure energy security and provide petrochemical products for the domestic market.

The complex’s engineering, procurement and construction (EPC) contractors include JGC Corporation and Chiyoda of Japan, the Republic of Korea’s GS Engineering & Construction Company, France’s Technip France and Technip Geoproduction from Malaysia.

Secretary of the provincial Party Committee Mai Van Ninh said his province will effectuate its commitments with the complex, the EPC contractors, Japanese and Kuwaiti investors, as well as create the most favourable conditions for the EPC contractors.

Ninh also required the investors and EPC contractors to make full use of their capacity and experience to put the complex into operation soon.

Once commissioned in mid-2017 as scheduled, the NSRP is expected to refine 200,000 barrels of crude oil a day, equivalent to 10 million tons of oil a year.

Compiled by Tung Son