KPI Vietnam Refinery OK’d
Japan’s Idemitsu Kosan announced on 5 June that it had reached a final investment decision (FID) to build a 200,000 b/d refinery at Nghi Son in Vietnam with partners Kuwait Petroleum International (KPI), state firm PetroVietnam and Japan’s Mitsui Chemicals. Idemitsu said the expected total cost for the project is $9bn, of which $5bn will come through project financing and $4bn will be directly borne by the partners....
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