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First oil refinery to sell all products
The PetroVietnam Corporation (PV Oil) has announced that it is building oil storage facilities and a distribution network to enable the sale of 3.2 million tonnes of products from the Dung Quat oil refinery.
The nation’s first oil refinery in the central province of Quang Ngai is scheduled to commence operations by the end of next year.
PV Oil said that its storage system will include oil tanks with total volume exceeding 780,000 cu.m., as well as an international transit and reserve warehouse with a capacity of 1.8 million cu.m.
Its development plan will enable the corporation to store 1.2 million cu. m. of all grades of oil by 2009, fully meeting the Dung Quat refinery’s storage needs.
The business is also expanding its nationwide distribution network to 2,825 sale points by 2009 and 3,620 sale points by 2010.
It is taking steps to increase its overseas market share by opening branches and representative offices in Cambodia , Laos , Thailand , Singapore , Venezuela , the United Arab Emirates and the Great Britain .
The corporation has signed contracts with the Vietnam Air Petrol Company (Vinapco) regarding the sale of all aeroplane fuel produced by the Dung Quat refinery.
vna
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