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  • Execution of EPC contract for Nghi Son Refinery and Petrochemical Complex

Execution of EPC contract for Nghi Son Refinery and Petrochemical Complex

January,28,2013
Nghi Son Refinery and Petrochemical LLC (hereinafter "NSRP") jointly established by Idemitsu Kosan Co.,Ltd. (Head office: Chiyoda-ku, Tokyo; President: Kazuhisa Nakano), Mitsui Chemicals, Inc. (Head Office: Minato-ku, Tokyo; President & CEO: Toshikazu Tanaka), Kuwait Petroleum International and PetroVietnam, signed on Engineering, Procurement and Construction (EPC) contract with a construction consortium on January 27.
After completion of syndication procedures of a co-financing arrangement with international commercial banks, Export Credit Agencies and Multi-Lateral Agency, NSRP will commence EPC this coming summer.

1.Date of EPC contract

January 27, 2013

2.Members of construction consortium

JGC Corporation, Chiyoda Corporation, Technip Group (France, Malaysia), SK Engineering & Construction Co.Ltd.(South Korea), and GS Engineering & Construction Corporation(South Korea)

3.Future schedule (planned)

Mid 2013: Finance close, EPC commencement
End 2016: Mechanical Completion
Mid 2017: Commencement of the commercial operation
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