Refinery produces 4.6 M tons in first year

 Vietnam’s Nghi Son oil refinery (NSRP) has produced 4.6 million tons of petroleum fuel in its first year of commercial operation, reducing the country’s reliance on foreign petroleum imports, the company said.

The $9 billion refinery, which begun commercial production in Dec. 2018, met a third of Vietnam’s demand for petroleum fuel products, the company said in a statement.

The statement said NSRP, Vietnam’s second refinery, had contributed over 11.66 trillion dong ($502.69 million) to the state budget as of Nov this year.

The 200,000-barrel-per-day (bpd) refinery, located 260 km (160 miles) south of Hanoi, is 35.1% owned by Japan’s Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals Inc.

($1 = 23,195 dong) (Reporting by Phuong Nguyen; Editing by Kim Coghill)