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World News and Views :: Projects

Idemitsu, Mitsui Chemicals, and Kuwait Petroleum proceed with $9-billion Vietnam project

1:02 AM MDT | June 6, 2013 | Natasha Alperowicz

Idemitsu Kosan (Tokyo) says it has reached a final invest decision to proceed with a previously announced refinery and petrochemical joint venture project in Vietnam. The facilities will be built by Nghi Son Refinery and Petrochemical Limited (NSRP) with co-investors Mitsui Chemicals, Kuwait Petroleum International, and PetroVietnam. The joint venture has also signed project financing agreements totaling $5 billion with public financial institutions and commercial banks toward the $9-billion project.   Following the signing of a construction...

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