PM meets with strategic investors of Nghi Son oil refinery project

PM Nguyen Xuan Phuc hosts reception for strategic investors (from Kuwait and Japan) of the Nghi Son oil refinery and  petrochemical complex in Thanh Hoa province on December 23, 2018. Photo: VGP

The Government chief stressed the point at his reception for CEO of KPI Nabil Bourisli and leaders of Japanese companies that are strategic investors of the project in Thanh Hoa on December 23.

The aforesaid investors poured one fourth of the total investment capital of the project, thus playing a significant role in the process of construction and operation, PM Phuc said.

KPI CEO Nabil Bourisli, on behalf of investors, expressed thanks to the Government of Viet Nam for its support for the project and shared the latest efforts to put the project into commercial operation.

In response to investors’ recommendations at the reception, PM Phuc tasked relevant ministries and departments to put forth measures to ensure rights and interests of the Government and investors in accordance with legal regulations.

He also asked investors to ensure effective operation of the project and soon expand its second phase.

PM Phuc affirmed that the Government always encourages and creates the best conditions for foreign businesses to invest in the Southeast Asian country.

The Nghi Son oil refinery and petrochemical project has been carried out since 2013 with total investment capital of US$ 9 billion.

It is invested by Petro Viet Nam (25.1%), KPI (35.1%), and the Japanese firms Idemitsui Kosan (35.1%) and Mitsui Chemicals (4.7%)./.

By Quang Minh