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Laos Petro to invest in bonded warehouse, oil pipeline

Update: April, 12/2014 - 10:01

HA NOI (VNS)  — Laos Petro Join Stock Company plans to invest US$200 million in a bonded warehouse and oil pipeline from Hon La of Quang Binh Province to Khammouna Province (Laos).

Laos Petro Join Stock Company has proposed this investment plan to the Quang Binh Provincial People's Committee of Viet Nam.

The project includes the bonded warehouse, with a capacity of 300,000-500,000 cubic metres, used for temporarily handling imported gasoline that will be re-exported to Laos, a jetty system to handle 50,000 tonnes vessels, 300 kilometres long oil pipelines from Hon La to Khammouna Province and the bonded warehouse in Khammouna Province with a capacity of 200,000 cubic metres. — VNS

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