Vietnam plans first fuel pipeline

The Vietnam National Petroleum Corporation (Petrolimex) has announced its plan to build a 200 km-long pipeline to import oil products from China’s Guangxi to Quang Ninh province in Vietnam.

The pipeline, which will be the first of its kind, will connect PetroChina’s oil refineries in Guangxi with Petrolimex’s oil storage in the northern province of Quang Ninh.

The project, which will cost US$212 million, will deliver 3 to 3.5 million tons of fuel every day when it is completed in 2014.

The expense will be negotiated between Petrolimex and PetroChina.

Petrolimex is consulting the government before making a final decision. – Tuoitre

Tags: Vietnam fuel pipeline

Posted by VBN on Jul 13 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry