Japanese oil group eyes Vietnamese petroleum retail market

VietNamNet Bridge – Japanese JX Nippon Oil & Energy is expected to enter the Vietnamese petroleum retail market, which has yet to open to foreign investors. JX Nippon Oil & Energy has signed a memorandum of understanding (MOU) with the Vietnam Petroleum Import-Export Corporation (Petrolimex) on the cooperation between the two parties. Dau Tu newspaper quoted … [Read more...]

JX Nippon to partner with Petrolimex in petrochemical project

Van Nam The signing of a MOU between Petrolimex and JX Nippon Oil & Energy Corporation takes place last weekend - PHOTO: PETROLIMEX The joint venture is considered the first step of JX NOE to enter Vietnam’s fuel retail market. Tran Van Thinh, general director of Petrolimex, told the Daily on December 25 that the Government has an open policy to allow foreign … [Read more...]

Vietnam’s Petrolimex closes MoU with JX Nippon Oil and Energy on refinery project

Vietnam's leading oil and gas company and Japan’s top oil refiner signed last week a memorandum of understanding on a bilateral strategic cooperation, including the construction of an oil refinery in the south-central region. The Vietnam National Petroleum Group (Petrolimex) and JX Nippon Oil and Energy (JX NOE) closed the MoU in Hanoi on Friday, the Vietnamese … [Read more...]

Japanese oil company signs MoU with eye on refinery

JX Nippon Oil & Energy Corp, Japan's largest oil firm, was reportedly looking at the Nam Van Phong oil refining petrochemical complex project and the petrol and oil retail market. — Photo baodautu HA NOI (Biz Hub) — A memorandum of understanding was signed between JX Nippon Oil & Energy Corp and the Viet Nam National Petroleum Group (Petrolimex) late last … [Read more...]

JX Nippon Oil & Energy eyes oil refinery project in Vietnam

Japan’s leading energy firm JX Nippon Oil & Energy (JX NOE) and the Vietnam National Petroleum Group (Petrolimex) reached a strategic cooperation deal that includes the development of the Nam Van Phong petrochemical complex. Under a memorandum of understanding (MoU) inked recently, the two sides agreed to continue deploying the Nam Van Phong petrochemical complex … [Read more...]

Gas, condensate found off southern Viet Nam coast

The three companies are Idemitsu Oil and Gas Company Limited, JX Nippon Oil and Gas Exploration Corporation and Teikoku Oil (Con Son) Company Limited.- Illustrative image/ VNA/VNS Photo Huy Hung HA NOI (Biz Hub) - Three companies on August 20 announced the discovery of gas and condensate in the fourth well in Blocks 05-1b and 05-1c off the southern Viet Nam coast. The three … [Read more...]

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. PetroVN finds its first Malaysian offshore oil PetroVietnam signs contract to explore oil offshore Vietnam The company said the oilfield was first identified through testing carried out in May and August. … [Read more...]

Japan group inaugurates lubricant oil factory in Haiphong

Japan helps businesses improve competitive edge Japanese filmmakers eager to share experience Japan to receive Vietnamese agricultural trainees He added that the company can now directly supply products to Vietnamese consumers. JX Nippon Oil & Energy is Japan's leading group in oil refinery and material oil which accounts for one-third of the country's volume and is … [Read more...]

Dinh Vu IZ sets sights on expansion

Dinh Vu Industrial Zone in the northern port city of Haiphong is rapidly expanding to cater for rising demand from foreign investors. VIR talks with Frank Wouters, general director of Dinh Vu Industrial Zone Joint Stock Company, about the zone's latest developments. Please give us an update of the development of the second phase of Dinh Vu Industrial Zone and your firm's … [Read more...]

Dinh Vu Industrial Zone: Emerging As Reliable Investment Destination

Being a unique port-access industrial zone, Dinh Vu Industrial Zone has emerged as a reliable destination in the eyes of foreign investors from Japan, the US, France, Korea, and other places. Making a difference Dinh Vu Industrial Zone is initiated by Belgian investors, Rent - A - Port and IPEM, in cooperation with Haiphong People's Committee. Located in Haiphong, at a sea … [Read more...]

Russian group eyes stake in Vietnamese refinery

A Russian group has visited the Quang Ngai-based Dung Quat Oil Refinery, the sole such facility in Vietnam so far, to seek investment chance there, the plant's operator confirmed with Tuoi Tre on Friday. "The GazpromNeft Group wanted to cooperate in upgrading and expanding the refinery," Nguyen Hoai Giang, chairman of the Binh Son Oil Refining and Petrochemical Co, which … [Read more...]

Start constructing JX Nippon Oil & Energy Vietnam plant in Dinh Vu IZ

JX Nippon Oil & Energy Vietnam Co., Ltd recently organized a ground-breaking ceremony for the lubricant blending plant in Dinh Vu Industrial Zone. JX Nippon Oil & Energy Vietnam Co., Ltd is a subsidiary of JX Nippon Oil & Energy Corporation, a leading company in lubricant and energy production in Japan and having branches in many countries globally. The … [Read more...]

JX Nippon looks for the good oil

Japan-based JX Nippon Oil and Energy Corporation has started construction of its lubricant blending plant in Haiphong's Dinh Vu Industrial Zone. The four-hectare, $40 million JX Nippon Oil and Energy Vietnam Lubricant Blending project is planned to begin commercial operation in early 2014 with an annual productivity of about 40,000 tonnes. JX said it expected Vietnam to be … [Read more...]

Work starts on lubricant plant in Haiphong

Hanh Thu Receiving an investment license last September, the project covering nearly four hectares has a total investment of over US$40 million and will create jobs for some 100 people. After going into operation early next year, the project will supply products for Japanese motorcycle and auto manufacturers with an annual production capacity of around 40,000 … [Read more...]

Plant to make blended lubricants

HAI PHONG (VNS)— The JX Nippon Oil and Energy Viet Nam yesterday started the construction of a lubricant blending plant in Hai Phong's Dinh Vu Industrial Zone. The US$40 million project, covering an area of 40ha, will go operational in early 2014, creating 100 jobs for the locals. When work is completed, production is expected to hit 40,000 tonnes of lubricant per year to … [Read more...]

JX Nippon turns its back on Dung Quat oil refinery

JX Nippon Oil & Energy Corporation, a unit of JX Holding and Japan's largest oil importer and distributor, has declined to participate in a joint venture to expand the existing Dung Quat oil refinery. Dung Quat is the first refinery in Vietnam and commenced commercial operations in 2010 with the annual capacity of 6.5 million tonnes. Currently the refinery runs at full … [Read more...]

Tsunami slams Japan after record earthquake, killing hundreds

Japan was struck by its strongest earthquake on record, an 8.9-magnitude temblor that shook buildings across Tokyo and unleashed a seven-meter-high tsunami that killed hundreds as it engulfed towns on the northern coast. A tsunami wave engulfs a residential area after a powerful earthquake in Natori, Miyagi Prefecture, Japan, on March 11 As many as 300 people … [Read more...]