(EnergyAsia, May 28, Wednesday) — The Vietnamese government is planning to double the country’s gasoline and diesel storage capacity to 220,000 tonnes by the end of the year.
The additional capacity will boost the country’s oil products stockpile to about 10 days of consumption.
Vietnam relies entirely on imports for its fuel as it does not yet have a refinery.
The country currently imports about 1.25 million tonnes of refined products each month.
State PetroVietnam is currently building a 140,000 b/d refinery project that is due to start up in early 2009. It is also planning to build a second refinery.