Quang Ngai proposes incentives for underground petrol warehouse

The People’s Committee in the central province of Quang Ngai proposed the Ministry of Industry and Trade to take the underground petrol warehouse project in the list of incentive investment sectors under BOT (Build-Operate-Transfer), BTO or BT forms on September 13.

The project invested by Petro Vietnam Oil Stockpile Company Ltd was licensed in Dung Quat Economic Zone in 2010 under BO form.

Total investment capital is estimated at US$340 million.

The first phase with its capacity of 600,000 cubic meters is scheduled to come into operation in the first quarter 2017.

By Ha Minh – Translated by Hai Mien

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