Vietnam, Laos cooperate in oil and gas pipeline project
(VOV) -Vietnam and Laos will conduct a feasibility study on 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 Khammouane.
A contract signing ceremony was held in Vietnam on October 22 between PetroLao, Ennergy Commodities company from Slovakia, and the Association of Vietnam Investors in Laos (AVIL).
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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.