NSH Petro expands investment cooperation

On January 22, at the headquarters of Hau Giang Provincial People's Committee, Mr. Truong Canh Tuyen, Permanent Vice Chairman of Hau Giang Provincial People's Committee, chaired a working session with NSH Petro.

Also attending were representatives of the Office of the People's Committee of Hau Giang province, Department of Planning and Investment, Department of Industry and Trade, Tax Department, State Bank of Vietnam, Hau Giang branch...

Mr. Mai Van Huy (right) and Mr. Ranjit Thambyrajah at the investment cooperation signing ceremony

Credit financing of about 650 million USD for NSH Petro

At the meeting, NSH Petro introduced Mr. Ranjit Thambyrajah, Chairman and CEO of Acuity Funding. This company is a global private credit institution from Australia and has been operating for more than 40 years with a lot of experience. Acuity Funding is capable of providing, coordinating and managing more than 100 billion USD worth of projects in many countries, especially in the Asia-Pacific region.

During the working session, Mr. Truong Canh Tuyen and representatives of Hau Giang province's departments and branches witnessed the signing of cooperation between NSH Petro and Acuity Funding Company.

Mr. Mai Van Huy (right) and Mr. Ranjit Thambyrajah signed an investment cooperation agreement between NSH Petro and Acuity Funding Company.

Accordingly, Acuity Funding committed to providing development funding for NSH Petro and companies under NSH Petro of about 650 million USD for 7 projects, including: Upgrading and expanding Nam Viet Cai Rang Oil Refinery (Can Tho City) of about 60 million USD; upgrading facilities of Tra Noc General Warehouse (Can Tho City) of about 40 million USD; expanding Mai Dam Port Warehouse and Petroleum Processing Plant (Hau Giang) of about 190 million USD; upgrading and expanding Go Cong Bonded Port Warehouse (Tien Giang) of about 50 million USD; constructing Nam Song Hau Oil Refinery (Tien Giang) of about 180 million USD; upgrading and expanding Lubricant Production Plant (Long An) of about 30 million USD; credit limit for transactions (about 100 million USD). These credit funding packages will be implemented in the first quarter of 2024 and will open up new, stronger development opportunities for NSH Petro.

Mr. Truong Canh Tuyen (left cover), Permanent Vice Chairman of Hau Giang Provincial People's Committee, witnessed the signing ceremony.

NSH Petro strives to ensure gasoline supply

Mr. Mai Van Huy, Chairman of the Board of Directors of NSH Petro, said that the Ministry of Industry and Trade has also allocated a minimum total source of petroleum (including imported, produced, blended and purchased from domestic production sources) to NSH Petro in 2024 of 684,926m³. Of which, 466,186m³ is gasoline and 218,740m³ is diesel. NSH Petro is making every effort to overcome all difficulties and increase production to ensure the supply of petroleum for the provinces and cities in the Mekong Delta, contributing to the development of production, maintaining energy security, and meeting the consumption needs of customers.

Speaking at the meeting, Mr. Ranjit Thambyrajah highly appreciated the facilities and potential of NSH Petro. At the same time, he thanked the Standing Committee of Hau Giang Provincial People's Committee for the warm welcome. Mr. Ranjit Thambyrajah said that he will continue to accompany new projects in Hau Giang in the near future.

Permanent Vice Chairman of Hau Giang Provincial People's Committee Truong Canh Tuyen (right) and Mr. Ranjit Thambyrajah

According to Mr. Truong Canh Tuyen, over the years, NSH Petro has contributed significantly to ensuring energy security for Hau Giang and the provinces and cities of the Mekong Delta. NSH Petro invested in the project in Hau Giang since 2012 and has contributed greatly to the state budget revenue, social security, and job creation for the locality. Hau Giang leaders sincerely thank NSH Petro in particular and businesses in general for accompanying the province over the years. Hau Giang is determined to always stand side by side with businesses to overcome difficulties, because when businesses develop, Hau Giang also develops.

"The People's Committee of Hau Giang province is very interested in the cooperation between NSH Petro and Acuity Funding Company. We propose that Acuity Funding Company come here to invest in Hau Giang, including the component project of the 1 million hectare high-quality, low-emission rice project implemented in Hau Giang and other provinces and cities...", Mr. Truong Canh Tuyen informed.

Mr. Mai Van Huy (middle) talks to the press after signing the cooperation agreement.

NSH Petro is headquartered in Mai Dam Town, Chau Thanh District (Hau Giang). The company operates in many fields, with the focus on production, distribution, and logistics of petroleum...

Source link: https://thanhnien.vn/nsh-petro-mo-rong-hop-tac-dau-tu-185240122202844606.htm