Nghi Son oil consortium offers sole bidding package

Differing from Dung Quat oil refinery project that is broken into seven bidding packages, Nghi Son oil project (Thanh Hoa province) will be tendered internationally with the only bid package, confirmed Nguyen Thi Binh, deputy general director of PetroVietnam.

Work on Nghi Son petrochemical refining complex was kicked off from May 2008, with total expense of $6.2 billion, established by PetroVietnam and joint ventures namely Kuwait Petroleum International Group, Japan’s Idemitsu Kosan, and Mitsui Chemical Co.

As planned, the ground levelling phase of the project will be finished in this June before being handed over to the JV investor for official construction in Q4 of 2010.

Bidding procurements for the EPC construction were issued already in February 2010 and will be closed in this July. But, the bidding time will be decided by foreign partners, she added.

Winner of the tender will be responsible for carrying out entire construction items including technology facility, support energy area (electricity production, water and others), depot, pipeline system, crude oil port, export port and dyke.

The bidding selection and EPC contract will be signed by Q3 of 2010 and the construction is expected to be completed in late 2013.

As designed, Nghi Son petrochemical complex will supply 2.4 million tonnes of gasoline, 3.8 million tonnes of diesel, 400,000 tonnes of polypropylene plastic, 600,000 tonnes of jet fuel and one million tonnes of other kinds of petrochemical products a year.

Tags: Nghi Son oil consortium, Vietnam oil, Vietnam oil and gas, vietnam oil gas