PetroVietnam boosts investment in Quang Tri

The Vietnam National Oil and Gas Group (PVN) will help central Quang Tri province develop a seaport system in My Thuy economic zone and look into the possibility of building thermo power plants in the province.

Under an agreement signed between PVN and the Quang Tri People’s Committee in Hanoi on Sept. 23, PVN will also study the feasibility of financial services for clay and limestone mining projects to serve oil and gas activities as well as investment in an oil and gas warehouse and trading system in the province.

The cooperation with Quang Tri province is part of the group’s long-term development strategy, said PVN Chairman Dinh La Thang.

According to Chairman Le Huu Phuc of the Quang Tri People’s Committee, Permanent Deputy Prime Minister Nguyen Sinh Hung has approved in principles the building of My Thuy deep water seaport as a core of a sea-based economic zone in the province.

The port will serve as an important link not only for the central region but also the East-West corridor which runs from Quang Tri to Myanmar through Thailand and Laos.

VNA

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