Idemitsu-Led Group To Build $9B Refinery In Vietnam

Law360, New York (January 15, 2013, 3:33 PM EST) -- Japanese energy company Idemitsu Kosan Co. Ltd. and its partners in a $9 billion refinery project in Vietnam have reached a preliminary deal with an international consortium of Asian and Middle Eastern firms to construct the refinery by 2016, Idemitsu said Tuesday.

Idemitsu established a group of local energy firms in 2008 to develop a refining facility roughly 110 miles south of Hanoi in Vietnam, known as the Nghi Son refinery. Idemitsu has partnered with Kuwait Petroleum, stated-owned PetroVietnam and Tokyo-based Mitsui Chemicals Inc., to build...
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