HANOI, Dec 15, 2008 (Asia In Focus via COMTEX) — ZZFNV | Quote | Chart | News | PowerRating — 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.
source:tradingmarkets.com
