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PM hosts investors of Nghi Sơn oil refinery, petrochemical project

Update: December, 24/2018 - 11:00
Prime Minister Nguyễn Xuân Phúc receives CEO of Kuwait Petroleum International, Nabil Bourisli, on Sunday in the central province of Thanh Hóa. — VNA/VNS Photo Thống Nhất
Viet Nam News

THANH HÓA — Prime Minister Nguyễn Xuân Phúc has said he welcomes investors from Kuwait Petroleum International (KPT) and Japan to inject money into the Nghi Sơn oil refinery and petrochemical complex project in the north central province of Thanh Hóa.

He made the statement while receiving CEO of KPI Nabil Bourisli and some leaders of Japanese firms that are strategic investors of the project in Thanh Hóa on Sunday. Việt Nam contributed a quarter to the project’s total capital, he noted.

The Government leader hailed the active and responsible cooperation of the involved parties, including the Ministry of Industry and Trade and the Vietnam Oil and Gas Group (PetroVietnam) to carry out the US$9 billion-project.

Nabil Bourisli thanked the Vietnamese Government for backing the implementation of this project and shared his appreciation of its commercial operation.

At the reception, PM Phúc also cleared up recommendations from investors.

He ordered relevant ministries and departments to put forth measures to ensure rights and interests of the Government and investors based on legal regulations.

The PM asked investors to ensure effective operation of the plant and soon expand its second phase.

He affirmed that the Government always encourages and creates the best conditions for foreign businesses to invest in Việt Nam.

The Nghi Sơn oil refinery and petrochemical project has been carried out since 2013.

It is invested by PetroVietnam (25.1 per cent), KPI (35.1 per cent), and the Japanese firms Idemitsui Kosan (35.1 per cent) and Mitsui Chemicals (4.7 per cent). — VNS

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