Allens and Allen & Overy have key legal roles in a $9 billion project to build an oil refinery in Vietnam. 
The Nghi Son project, located about 120 miles south of Hanoi, will comprise Vietnam’s second refinery, related facilities and a harbor. The plant capacity is expected to be 200,000 barrels of crude oil a day, all of which will be provided by key project investor Kuwait Petroleum International.
Allens acted for Nghi Son Refinery and Petrochemical Co.–a joint venture controlled by Japan’s Idemitsu Kosan Co. Ltd. and Mitsui Chemicals Inc., Kuwait Petroleum, and Vietnam Oil and Gas Corp.–on its signing of a $5 billion engineering, procurement and construction contract with a consortium of regional contractors to build the refinery itself. The team was led by Hanoi partner Bill Magennis and Perth partner Michael Hollingdale, with help from Ho Chi Minh City partner Robert Fish and Sydney partner Phillip Cornwell.
The consortium of contractors includes Japan’s JGC Corp. and Chiyoda Corp., Paris-based Technip, and South Korea’s GS Engineering & Construction and SK Engineering & Construction. Negotiations on behalf of the consortium were handled by an in-house team.
Allen & Overy represented the lenders funding the project, which include export credit agencies and regional and international commercial banks. The firm declined to comment.
Allens also acted for Nghi Son in negotiations with the Vietnamese government over state guarantees and an undertaking agreement. Magennis advised on this as well, along with fellow Hanoi partner Hop Dang. Hanoi’s Vietbid Law Firm represented the Vietnamese government in these negotiations.
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