Kuwait’s KPI begins sales at Vietnam refinery

Kuwait

KUWAIT CITY, May 9, 2018 – Kuwait Petroleum International (KPI) has announced the initial shipments of petrol from its joint-venture refinery in Vietnam, Nghi Son.

The Kuwaiti company said in a press release distributed on Wednesday that the two shipments of RON 95 (MOGAS95) petrol were destined for the Vietnamese market.

Nghi Son has been planned as a refining and petrochemicals complex, with petrochemicals facilities to be added to an initial 200,000-bpd refining development.

KPI holds 35.1% of the operating company, Nghi Sơn Refinery and Petrochemical (NSRP), partnering with Idemitsu Kosan (35.1%), PetroVietnam (25%) and Mitsui (4.8%).

NSRP CEO Turki Al Ajmi was quoted in the press release as saying that the shipments’ success confirmed the refinery’s smooth commissioning.

KPI, the global upstream arm of Kuwait Petroleum Corporation, has historically focused on refining and fuel marketing activities in Europe but has recently stepped up its activities in Asia, eyeing the continent’s growing demand.

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