A delegation from the Kuwaiti oil sector recently visited Vietnam to assess the performance of the Nghe Son refinery and petrochemical complex project. The delegation, which included prominent figures from Kuwait Petroleum International, aimed to review the latest developments in the technical and operational aspects of the refinery.
The visit by the Kuwaiti delegation to Vietnam is part of the joint cooperation between International Petroleum and the state-owned PetroVietnam Company. International Petroleum holds a 35.1% stake in the Nghe Son refinery and petrochemical complex project, highlighting the significance of this collaboration.
During their visit, the delegation received an overview of the Nghe Son refinery and petrochemical complex, which is located in Tan Hoa Province within the Special Economic Zone. They also had the opportunity to visit the company’s headquarters in Hanoi. This comprehensive tour provided the delegation with a deeper understanding of the project and its operations.
One notable achievement that the delegation commended was the successful completion of the refinery’s first major periodic maintenance. This maintenance effort has resulted in increased operational efficiency and stability. Currently, the refinery is operating at an impressive efficiency rate of approximately 117%.
Recognizing the importance of continued cooperation and support, the delegation met with local government officials in Thanh Hoa Province. These discussions focused on strengthening collaboration and ensuring the sustained success of the Vietnam refinery project. The Nghe Son refinery plays a crucial role in ensuring energy security in Vietnam by stabilizing the supply of around 40% of high-quality fuel products to the local market.
In addition to engaging with local government officials, the delegation also held discussions with the Board of Directors and Executive Management of the PetroVietnam State Company. During these meetings, the delegation emphasized the significance of joint cooperation and the provision of necessary support. They also explored proposed solutions and discussed the future financial situation of the Nghe Son refinery.
The visit by the Kuwaiti oil sector delegation to Vietnam highlights the international significance of the Nghe Son refinery and petrochemical complex project. This collaboration between Kuwait Petroleum International and PetroVietnam Company demonstrates the global reach of the oil industry and the importance of partnerships in driving progress and innovation.
The assessment conducted by the delegation provides valuable insights into the technical and operational aspects of the refinery. By sharing their expertise and knowledge, the delegation contributes to the continuous improvement of the Nghe Son refinery and petrochemical complex project.
Overall, the visit by the Kuwaiti oil sector delegation to Vietnam signifies the strong cooperation between the two countries in the energy sector. It showcases the commitment to enhancing operational efficiency and stability in the Nghe Son refinery and petrochemical complex. This collaboration not only benefits both Kuwait and Vietnam but also contributes to the global energy landscape.
Source: TimesKuwait
