Nghi Son oil refinery offers its first jet fuel cargo

Vietnam’s Nghi Son oil refinery has offered its first jet fuel cargo, weeks after it officially began commercial production. The export cargo is ready for loading from Jan. 1 to Jan. 10.

“The export volume and price are still subject to negotiations with potential buyers,” the source added.

According to a news report by Reuters, in November the facility was seeking government permission to export its first batch of 30,000 tonnes of jet fuel.

“Exporting the first batch will help us secure an ISO certificate for the product,” said a source, adding that the refinery would sell jet fuel in the domestic market under, a deal signed with Vietnam Oil and Gas group, or PetroVietnam.

The 200,000-barrels-per-day Nghi Son refinery, located 260 km (160 miles) south of Hanoi, began commercial production on Nov. 14 after months of tests.

The $9 billion refinery is 35.1 percent owned by Japan’s Idemitsu Kosan Co, 35.1 percent by Kuwait Petroleum (IPO-KUWP.KW), 25.1 percent by PetroVietnam and 4.7 percent by Mitsui Chemicals Inc