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Malaysia-Vietnam joint venture wins US$176 mln contract

Malaysia-Vietnam joint venture wins US$176 mln contract

The Malaysia Vietnam Offshore Terminal Ltd. (MVOT), a joint venture between PetroVietnam Technical Services Corp and Malaysia’s MIBS Bhd, has won a US$176 million contract to provide equipment for Idemitsu Kosan to develop the Sao Vang-Dai Nguyet gas project.

Idemitsu Q8 opens third petrol station in Vietnam

Idemitsu Q8 opens third petrol station in Vietnam

Japan-Kuwait joint venture Idemitsu Q8, the first 100% foreign-owned oil & gas retail company in Vietnam, has opened its third petrol station in the northern province of Hung Yen.

Nghi Son successfully produces first batch of diesel oil

Nghi Son successfully produces first batch of diesel oil

After successfully producing RON 92 (MOGAS92) and RON95 (MOGAS95) in early May, on May 23, Nghi Son Refinery and Petrochemical LLC in Nghi Son Economic Zone, Thanh Hoa province also successfully produced 5,000 cubic metres of diesel oil (DO) meeting all required specifications and sold it on the domestic market.

Nghi Son refinery complex to double its capacity

Nghi Son refinery complex to double its capacity

Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is considering doubling the capacity of its refinery complex, scheduled to start operations in July 2017, to 400,000 barrels per day (bpd) to meet growing domestic demand, said NSRP General Director Kazutoshi Shimmura.

New oilfield located offshore Vietnam

New oilfield located offshore Vietnam

(VOV) -Japanese Idemitsu Kosan company on August 21 announced that it has struck oil at its fourth oil-well at plot 05-1b and 05-1c offshore southern Vietnam.

Japan’s energy firm opens subsidiary in Vietnam

Japan’s energy firm Idemitsu Kosan Ltd, Co. has established a subsidiary in Vietnam for production and sales of lubricant oil for motorbikes, meeting the growing demand of this product.

Second oil refinery negotiations make progress

Second oil refinery negotiations make progress

Japan's third-biggest oil refiner Idemitsu Kosan is entering the final stage of talks on Nghi Son project, the second oil refinery in Vietnam, with an estimated investment of US$8-10 billion.