PetroVietnam to expand Cai Lan petroleum depot

PetroVietnam Oil Corp. (PV Oil) announced the expansion of the Cai Lan petroleum depot in Quang Ninh province. The first phase expansion which is expected to cost US$24.27 million is already underway. A second phase is slated to begin in the third quarter of 2011 and will double the storage capacity of the depot to 20,000 cubic meters. The company also has in its plans the construction of a new port for ships up to 15,000 DWT to allow for easy access to the depot for the distribution of petrol products. (July 12, 2011)