TOKYO, Feb 13 (Reuters) – Nghi Son Refinery and
Petrochemical LLC (NSRP) in Vietnam is expected to book a net
loss of at least 10 billion yen ($67 million) for 2023 due to
heavy costs from rising U.S. interest rates, an executive of
Idemitsu Kosan said on Tuesday.
Japanese oil refiner Idemitsu owns 35.1% stake in NSRP,
Vietnam’s largest refinery.
“Nghi Son continues to face the red ink on a net earnings
basis due to heavy financial costs caused by high interest rates
on the U.S. dollar,” Yoshitaka Onuma, Idemitsu’ executive
officer, told an earnings news…
