Post date: 24/10/2014

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Invests about USD300 - 500 million to build oil and gas pipeline from Hon La island to the Lao province of Khammouna

(Quang Binh Portal) - On October 22, at Quang Binh Province, PetroLao, Ennergy Commodities company from Slovakia, and the Association of Vietnam Investors in Laos (AVIL) signed a contract a project building a bonded warehouse and two oil and gas pipelines running from Vietnam’s central province of Quang Binh’s Hon La island to the Lao province of Khammouna. 


Signed a contract between PetroLao, Ennergy Commodities company from Slovakia, and the Association of Vietnam Investors in Laos (AVIL)

This project is 100% owned by the Government of Lao PDR and businesses to invest.

The project includes the building of a bonded warehouse, with a capacity of 300,000-500,000 cubic metres for temporary import and re-export to Laos, a seaport system to handle 50,000 tonnes vessels, and a 290 kilometres long oil pipeline from Hon La to Khammouna province.

As scheduled, the project will start in the fourth quarter of 2015 within 30 months, and is expected to put into operation by the end of 2017.

Reported by Mai Anh
Translated by Minh Huyen

 

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