Idemitsu Kosan Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Akihiko Tembo) announces that it has decided to open an office in Hanoi, the capital of Socialist Republic of Vietnam.
The company, jointly with Petro Vietnam, Kuwait Petroleum International and Mitsui Chemicals, Inc., established the joint venture company "Nghi Son Refinery & Petrochemical Limited Liability Company" in April this year to implement a refinery and petrochemical complex project in Vietnam. Currently, Front End Engineering Design (FEED) is progressing as scheduled. As a result of an examination of economic efficiency and financing, the company intends to start construction two years later, in 2010.
In line with the above examination, the company will research and investigate the feasibility of deploying energy-related businesses in Vietnam and its neighboring areas, including entry into the retail market in Vietnam, based on using the oil refinery business as a stepping stone to further development. The Hanoi Office will function as the base for such research and investigations.
Overview of Hanoi Office
| Name of office | Idemitsu Kosan Co., Ltd. Hanoi Office |
|---|---|
| Location | Hanoi, Socialist Republic of Vietnam |
| Time of opening | Early December 2008 |
| Number of representative staff | Three (3) |
For inquiries regarding this press release, please contact
Ms. Iinuma
PR Section IR&PR Office
Idemitsu Kosan, Co., Ltd.
Tel: +81-3-3213-3115
