Construction
of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam's
second, will start in the last quarter of this year after a half-year delay,
state oil and gas group Petrovietnam said on Tuesday.
Vietnam's natural gas output this year is
expected to fall 5.7 per cent from 2010 to 8.86 billion cubic metres, the
Hanoi-based group said in a statement.
Last year it pumped 9.4 billion cubic metres
of natural gas.
Crude oil output for 2011 would reach a
previous projection of 15 million tonnes, or 301,200 bpd, down 0.07 per cent
from 2010, said the statement reviewing oil and gas production in the first
nine months and plans for the last quarter.
Construction of Nghi Son refinery, owned by
Petrovietnam, Kuwait Petroleum International, Japan's Idemitsu Kosan Co and
Mitsui Chemicals, has been delayed since the first quarter due to land
clearance and preparation procedures, state media reported.
Vietnam has picked a consortium including
French oil services firm Technip, Japanese engineering firm JGC Corp and
Spain's oil engineer Tecnicas Reunidas to build Nghi Son plant in the northern
province of Thanh Hoa, 215 km (134 miles) south of Hanoi.
Kuwait Petroleum International will receive
funding from the International Finance Corporation to build and develop the
Nghi Son oil refinery, its chairman was reported on September 30 as saying.
The refinery is designed to process Kuwaiti
crude oil.
Dung Quat refinery, built in the country's
central coast to process 130,500 bpd of crude oil, is now Vietnam's sole
operating facility.
Vietnam has planned for five other oil
refineries, including Nghi Son.
Reuters
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