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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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