Vietnam invests $11.25 billion in oil infrastructure

Vietnam plans to allocate approximately $11.25 billion by 2030 to develop oil and gas supply and storage infrastructure, ensuring that national reserves can be equivalent to 90 days of net imports. This investment is mainly funded by corporate capital.

According to the plan, Vietnam will build an additional 500000 cubic meters of oil storage facilities by 2030. The new crude oil reserves will be located near refineries such as Rongju, Yishan, and Longshan, with a total capacity of 1 to 2 million tons. In terms of commercial reserves, we will continue to utilize the existing 89 warehouses and expand their capacity to approximately 1.4 million cubic meters. In addition, 59 new commercial oil warehouses will be built in various regions, with a total storage capacity of approximately 5.1 million cubic meters.

After 2030, Vietnam plans to continue infrastructure construction and increase the capacity of crude oil storage tanks to 3 million tons. It is expected to upgrade the 581 kilometer oil pipeline system, followed by the construction of a new aviation fuel pipeline, from the source warehouses in Ho Chi Minh City, Tongnai Province, and Patti Taunton Province to the warehouse at Long Cheng International Airport.

Vietnam will maintain the operation of its existing 16 liquefied petroleum gas warehouses until 2030. The investment will be used for the construction of liquefied natural gas storage infrastructure in Cai Mep Industrial Park in Batitungton and Nantingwu Industrial Park in the northern port city of Haiphong, with a total capacity of approximately 5.1 million tons per year. During this period, liquefied petroleum gas and liquefied natural gas storage systems will also be expanded.

Bridge crane is a widely used lifting equipment in the industrial field, especially in the manufacturing, logistics, and warehousing industries. Its main function is to lift various materials in higher spaces, such as moving from one place to another, or from the ground to higher places.

In petroleum infrastructure, bridge cranes may be used for various tasks. For example, it can assist in handling and installing large components and equipment during the installation and maintenance process of petroleum processing equipment. In addition, it may also be used for handling and storing various petroleum related materials, such as oil extraction equipment, pipelines, chemicals, etc.

The specific application of bridge cranes in petroleum infrastructure may vary depending on the type, scale, and specific needs of the facility. If you need more detailed information, it is recommended to consult relevant professionals or consult specific industry reports.