(EnergyAsia, August 31 2011, Wednesday) — State-owned downstream company Vietnam National Petroleum Corp or Petrolimex said it plans to start up its 505,000-cubic-metre bonded oil terminal at Van Phong port next year.

According to subsidiary Petrolimex Singapore Ltd, the 29-tank terminal in southern Khanh Hoa province will have the capacity to store 230,000 cubic metres of gasoil and 125,000 cubic metres of gasoline.

Project manager Henry Yau Win Onn said the terminal will have four jetties to serve vessels up to 150,000 metric tonnes in displacement and the capacity to hold 150,000 cubic metres of fuel oil.