Japan, Korea, Thailand firms compete for $2.4 bln LNG power project
Companies from Japan, South Korea, Thailand, and Vietnam have filed bids to build the $2.4 billion Nghi Son LNG-fired power complex in the central province of Thanh Hoa.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery needs to cut losses quickly: Vietnam PM
Japan’s Idemitsu Group and its partners need to improve governance, develop efficient operational processes, and apply modern technology to reduce input costs, cutting losses at the Nghi Son oil refinery as soon as possible, said Prime Minister Pham Minh Chinh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Nghi Son refinery can move into the black soon: Idemitsu Kosan
The Nghi Son oil refinery, the second of its kind in Vietnam, can achieve positive profits in the fiscal year 2023 (ending March 2024), according to Japan’s Idemitsu Kosan, which holds a 35.1% stake in the facility.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery needs personnel, financial restructuring: Prime Minister
Nghi Son Refinery and Petrochemical LLC (NSRP), which operates the Nghi Son oil refinery in central Vietnam, needs to push ahead with personnel, governance and financial restructuring, said Prime Minister Pham Minh Chinh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
World’s No. 1 oil firm Aramco eyes petrochemical plant in Vietnam
State-owned Saudi Arabian Oil Group, or Aramco – the world’s largest oil producer, has expressed interest in building a petrochemical plant in Vietnam, which has been a net energy importer for years.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery beats maintenance schedule
Maintenance work at the Nghi Son oil refinery in Thanh Hoa province, central Vietnam was completed Wednesday, seven days ahead of the 55-day schedule.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm strikes deal to settle Vietnam refineries corruption cases
American chemical maker Albemarle Corporation has struck a $218 million plus deal with the U.S. justice department to settle corruption cases in Vietnam, Indonesia and India.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Jera strives to fire up Nghi Son LNG power plant by 2030
Japanese energy company Jera and its Vietnamese partner plan to put the Nghi Son LNG-fired power plant into operation in the fourth quarter of 2030.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery to pause operations for maintenance
The Nghi Son oil refinery will pause operations for 55 days starting August 25, as it undergoes its first major maintenance after five years of operation.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms ship cement to US amid domestic market gloom
Major Vietnamese cement manufacturers Xuan Thanh and Nghi Son have penetrated the U.S. market as the construction sector at home remains quiet due to the ailing property market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s largest refinery avoids suspension with improved cash flow
Nghi Son, Vietnam’s largest refinery, is expected to avoid a prolonged suspension with improved cash flow enabling a November debt repayment, a Nikkei Asia report said Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dung Quat oil refinery expansion priced at over $1.2 billion
Vietnam’s government has decided to expand the Dung Quat oil refinery's capacity to 171,000 barrels a day by 2028 from the current 148,000 barrels, with an investment of more than $1.2 billion.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major steel producer VAS exports first batch to US
VAS Group, one of the biggest steel producers in Vietnam, has exported its first batch to Houston, the U.S. from Nghi Son International Port in the central province of Thanh Hoa.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Expansion of gas & LNG complex in Nghi Son economic zone begins
Anh Phat Investment Construction-Trading JSC kicked off the VND3.94 trillion ($168 million) expansion of its gas & LNG complex in the central province of Thanh Hoa on Sunday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thanh Hoa province okays $231 mln steel mill
Thanh Hoa province in central Vietnam has given in-principle approval for a 51-hectare steel mill with investment of VND5.5 trillion ($231 million) in the Nghi Son Economic Zone.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son oil refinery resumes full capacity on Sunday
The Nghi Son oil refinery in central Vietnam completed repairs last Friday and resumed full capacity from Sunday afternoon, in line with the request of Minister of Industry and Trade Nguyen Hong Dien.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son refinery must fix technical issues, resume full capacity by Sunday: minister
Nghi Son Refinery and Petrochemical Complex must fix its technical issues and resume full capacity by Sunday, Minister of Industry and Trade Nguyen Hong Dien made the request while working with the complex on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghi Son refinery output may fall 25% due to technical issues
Nghi Son Refinery and Petrochemical complex in Thanh Hoa province may have its output reduced by 20-25% in the first 10 days of January due to technical issues at its residue fluid catalytic cracking (RFCC) section.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$57 mln road to link national highway to Nghi Son economic zone
The central province of Thanh Hoa planned to build a 13-kilometer road to link National Highway 1A with the Nghi Son Economic Zone in a move to attract more investors.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank asks Vietnamese lenders to support petrol importers
The State Bank of Vietnam has required commercial lenders to supply fuel importers sufficient loans to ease current petroleum shortages.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s biggest refinery to import 2.52 mln tons of crude oil in Q4
Nghi Son, Vietnam’s largest refinery, is importing 2.52 million tons of crude oil between October and December while running at full capacity to help maintain stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's biggest oil refinery to run at full capacity, ensure fuel supplies
Nghi Son Refinery and Petrochemicals, Vietnam's largest, will operate at full capacity in the fourth quarter to assure stable supplies of petroleum products in the domestic market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam can meet fuel demand this year: ministry
Vietnam can fully meet its fuel demand for the rest of this year, with domestic sources accounting for 80% of supply, the Ministry of Industry and Trade reported.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fire breaks out at Thai-invested Long Son petrochemical complex
A fire broke out Saturday afternoon at the Long Son Petrochemicals Complex in Vung Tau town, southern Vietnam, during a test run.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investors of Vietnam’s largest refinery focused on securing raw material input
Japan’s Idemitsu Kosan and the three other owners of Vietnam's largest refinery Nghi Son are giving priority to ensuring cash flow for the complex so as to import sufficient crude oil, an Idemitsu executive said Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$2.8 bln thermal power plant set for National Day inauguration
Work on the foreign-invested Nghi Son 2 thermal power plant in Thanh Hoa province has been completed.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam pursues $19 bln petrochemical, reserve complex
State-run Petrovietnam has proposed the government consider investment for a $19 billion oil refinery and national crude oil, petroleum reserve in the south.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai group’s $5.4 bln Vietnam petrochemical complex 96% complete
The Siam Cement Group’s (SCG) Long Son Petrochemicals Complex in southern Vietnam was 96.2% complete as of July, according to a source with knowledge of the matter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam to house $1.5 bln petrochemical complex
Stavian Chemical, a major global polymers distributor with significant presence in Southeast Asia, has struck a deal to develop a $1.5 billion petrochemical facility in Quang Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory
- Most Read
Vietnam appreciates Apple investment, creation of 200,000 jobs: PM
Companies - Update 2 day ago
Apple announces Vietnam expansion, CEO Cook in town
Industries - Update 2 day ago
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory
