The Minister of Industry and Trade pay a visit to NSRP

On July 26^th, Minister of Industry and Trade – Mr. Tran Tuan Anh with his delegation and Thanh Hoa provincial leaders visited NSRP project.

Currently, all units of NSRP are being in commissioning stage, most of them achieved 50% of the designed capacity. The commissioning process has been safe and stable. All products meet the standard quality and are being sold to some domestic off takers. As planned, at the end of July and early August, the factory will increase its commissioning capacity up to 75% and in early September will run 100% of the designed capacity. In November, the factory will officially enter its commercial stage. It is expected that in 2018, NSRP will import 6 million tons of crude oil, produce and consume 4 million tons of products. However, the current consumption of gasoline and diesel products of NSRP has met some difficulties because the domestic off-takers have signed long-term import contract. Therefore, NSRP suggested the Government and the Ministry of Industry and Trade to allow the company to export a part of products to remove difficulties of production and release financial burden of the company. In addition, NSRP also requested the MOIT to coordinate with relevant ministries and departments to support VAT refund procedures; direct the Vietnam National Oil and Gas Group to increase the capital contribution as committed.

After being reported about the project implementation process, Minister of Industry and Trade Mr. Tran Tuan Anh highly appreciated efforts of NSRP and other relevant units in the implementation of the project. Minister Tran Tuan Anh emphasized the importance of the project and re-affirmed the support of the Government, MOIT and also Thanh Hoa province in creating the most favorable conditions in legal framework for this project to build and operate safely and effectively. Proposals and recommendations of NSRP which is under the jurisdiction of the MOIT will be quickly considered and resolved. Such issues beyond MOIT’s authority, the MOIT will report to the Government or coordinate with other relevant ministries to consider and settle. Mr. Tran Tuan Anh also noted that the progress of this project has been 16-month slower against plan while there are only less than 2 months left for NSRP to operate its full capacity. Therefore, NSRP should pro-actively coordinate with relevant authorities and departments to carry out next task in which the company should learn lessons and overcome all shortcomings in the management, finance, and personnel works; take high care of the safety, fire-fighting prevention and environmental protection, to ensure that the project operates efficiently.