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Vietnamese Nghi Son oil refinery offers first gasoil cargo for export

February 14/2020

MOSCOW (MRC) -- Vietnam's Nghi Son Refinery and Petrochemical (NSRP) is offering a gasoil cargo for export for the first time, reported Reuters with reference to a source with the refinery.

"We are exporting because domestic sales have been slow recently," the source said, declining to be identified because he was not authorised to speak with media.

The delivery schedule for the export cargo of 40,000 kilolitres, about 251,000 barrels, of gasoil with a sulphur content of 50 parts per million is from Feb. 22-25, according to two trade sources.

The tender closes at noon (0500 GMT) on Feb. 17, according to the tender document reviewed by Reuters.

The 200,000-barrels-per-day Nghi Son refinery, which began commercial production in late 2018, offered a fuel oil cargo last month.

NSRP produced 4.6 million tonnes of petroleum fuel in 2019, its first year of commercial operation, reducing Vietnam's reliance on foreign petroleum imports.

The USD9 billion refinery, located 260 km (163 miles) south of Hanoi, is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by PetroVietnam and 4.7% by Mitsui Chemicals Inc.

As MRC informed earlier, NSRP undertook a planned shutdown at its Polypropylene (PP) unit in Vietnam on October 22, 2019. The unit remained shut till end-November, 2019. Located at Nghi son, Vietnam, the PP unit has a production capacity of 400,000 mt/year.

According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
Author:Margaret Volkova
Tags:PP, crude and gaz condensate, PP random copolymer, petrochemistry, Nghi Son Refinery&Petrochemicals (NSRP), Vietnam, Russia.
Category:General News
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