Vung Ang oil storage has $72m turnover so far

HA TINH — The Vung Ang Petroleum and Oil Company which manages Vung Ang oil storage in the central coastal province of Ha Tinh announced on Sunday a turnover of VND1.5 trillion (US$72 million) in the first nine months of this year.

The oil storage facility, which mainly loaded products from Dung Quat refinery, is the major supplier of oil and gas for northern central provinces such as Nghe An, Ha Tinh and Quang Binh, as well as the Vung Ang economic zone.

PetroVietnam Oil Corporation (PV Oil), which owns the facility, is in the process of increasing its capacity from 60,000 to 110,000 cubic metres.

(source: VNS)

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