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Petrolimex to Start Operations at Vietnam Oil Terminal in 2012

Aug. 17 (Bloomberg) -- Vietnam National Petroleum Corp., the state-owned company known as Petrolimex, plans to begin commercial operations at its 505,000 cubic-meter Van Phong bonded oil terminal next year.

The facility will be commissioned in April, Henry Yau Win Onn, project manager at unit Petrolimex Singapore Ltd., said by telephone today.

The 29-tank Van Phong terminal in southern Khanh Hoa province will be capable of storing 230,000 cubic meters of gasoil and 125,000 cubic meters of gasoline, Petrolimex Singapore said in an e-mailed statement today.

The facility, which will have four jetties and be able to accommodate vessels with displacement of as much as 150,000 metric tons, will also have a capacity to store 150,000 cubic meters of fuel oil, the company said in the statement.

Petrolimex is Vietnam’s biggest gasoline and diesel supplier.

To contact Bloomberg News staff for this story: Nick Heath in Hanoi at nheath2@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net.

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