Chan May petrol warehouse and port inaugurated

The Chan May petrol depot and port in the central province of Thua Thien-Hue was officially inaugurated on September 21.

The facility is invested by the Vietnam Oil Corporation (PV Oil), a subsidiary of the Vietnam National Oil and Gas Group (PetroVietnam) with a total capital of VND 52.5 billion.

This will be the entrepot to receive petrol and oil from big base depots of PV Oil to be transported to localities in the north of the central region, contributing to reducing transport costs via automobiles, especially through dangerous passes on the National highway 1A.

This is also the entrepot for petrol and oil produced by Dung Quat Oil Refinery once the plant becomes operation.

ND

>   Over 900,000 tonnes of tra fish harvested (22/09/2008)

>   Trung Son hydro-electric power plant project approved (22/09/2008)

>   Long An to have to more IPs (22/09/2008)

>   EVN refuses 13 power plant projects, why? (22/09/2008)

>   Vietnam invests in real estate project in Cuba (22/09/2008)

>   Lack of port logistics causes annual loss of US$1.7bil (22/09/2008)

>   Quality of New Biofuel Yet to Be Certified (22/09/2008)

>   Shoe and leather expo to start Wednesday (22/09/2008)

>   New rules leave ad agencies out in the cold (22/09/2008)

>   Hong Kong bullish on long-term Vietnam prospects (22/09/2008)