Vietnam’s NSRP struggles with financial difficulties

Vietnam’s Nghi Son Refinery and Petrochemical (NSRP) is struggling with financial difficulties. It may face production shutdown and could be unable to operate the refinery without reaching financing restructuring agreement.

The company is jointly invested by PetroVietnam (PVN), Kuwait Petroleum International (KPI), Idemitsu Kosan (IKC), and Mitsui Chemicals (MCI). PVN is the largest shareholder with a 25.1 percent stake.