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JAN 27, 2013 - Business Insider

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Japan and Kuwait Struck Black Gold In Vietnam

Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9 billion as part of efforts to meet its growing energy needs. The Nghi Son refinery, which is due to start operating by 2017 in Thanh Hoa province, about 200 kilometres (125 miles) south of Hanoi, will turn Kuwaiti oil into petrol and other petroleum products. It will be able to process 10 million tonnes of crude oil a year, the government said. State-owned PetroVietnam will own a 25.1-percent stake in the joint venture while Japan's Idemitsu Kosan and Kuwait Petroleum ... Read More

Tags: Japan and Kuwait Struck Black Gold In Vietnam,  Petroleum Latest News