The Viet Lao Petrol Oil Investment Joint Stock Company began construction of its dock warehouse in the central province of Quang Tri on February 28.
Covering a site of over 16ha in Trieu An commune, Trieu Phong district, the warehouse has a storage capacity of 200,000 cu.m and a total investment of nearly 470 billion VND (20.4 million USD).
It comprises several facilities such as a depot, a pumping station, a petrol import wharf for vessels up to 40,000 tonnes, and a petrol export wharf for vessels weighing 3,000 tonnes.
During the first stage until 2021, a petrol warehouse with a storage capacity of 60,000 cu.m will be built. More facilities will be constructed and the storage capacity will increase by 140,000 cu.m in the second stage till 2035.
The warehouse will supply petrol to the central province of Quang Tri and nearby regions, as well as ship petrol to Laos and Thai provinces bordering Laos.
Vice Chairman of the provincial People’s Committee Nguyen Quan Chinh said the province will actively remove difficulties faced by the investor to ensure the project’s progress.