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Vietnam approves $11.4bn plan to expand fuel storage capacity by 2030

Vietnam approves $11.4bn plan to expand fuel storage capacity by 2030

Wednesday, July 19, 2023, 14:23 GMT+7
Vietnam approves $11.4bn plan to expand fuel storage capacity by 2030
A security guard walks past a petrol station at Dung Quat oil refinery, in Vietnam's central Quang Ngai province February 22, 2009. Photo: Reuters

Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to 270 trillion dong ($11.4 billion).

The investment would raise the country's crude oil and refined fuel storage capacity to 75 to 80 days of net imports, according to the plan signed by Deputy Prime Minister Tran Hong Ha on Tuesday and reviewed by Reuters.

($1 = 23,643.0000 dong)

Reuters

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