188bet asian Prime Minister pushes construction of Nghi Son crude oil storage
PM Chinh directed 188bet asian Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both 188bet asian Nghi Son refinery and petrochemical plant and national reserves.
Prime Minister Pham Minh Chinh chairs 188bet asian meeting on April 1. (Photo: VNA)
Hanoi (VNA) - 188bet asian construction of a crude oil reserve storage in Nghi Son in 188bet asian central province of Thanh Hoa rests on solid political, legal, practical and planning foundations, so 188bet asian focus must be on advancing 188bet asian project rather than any delay or retreat, Prime Minister Pham Minh Chinh told a meeting of standing government members in Hanoi on April 1.
188bet asian project will follow 188bet asian master plan on national petrol and gas storage and supply infrastructure for 2021-2030, with a vision to 2050. It addresses an urgent need for energy infrastructure while holding strategic importance for economic development and national energy security.
As fuel demand is rising and supply is still heavily relying on global markets, proactively building crude oil reserves will help Vietnam mitigate risks from volatile fluctuations. At 188bet asian same time, 188bet asian Nghi Son facility will also boost 188bet asian efficiency of 188bet asian Nghi Son refinery and petrochemical plant, optimise 188bet asian supply chain, and create momentum for economic growth in 188bet asian north central region and nationwide.
After hearing reports and opinions, PM Chinh underscored 188bet asian need to turn 188bet asian Politburo and Party General Secretary To Lam’s directions on strategic reserves into action, calling it a critical mission.
He directed 188bet asian Vietnam National Industry - Energy Group (Petrovietnam) to work closely with relevant agencies and Thanh Hoa province to begin construction immediately, serving both 188bet asian Nghi Son refinery and petrochemical plant and national reserves. Petrovietnam must race to prepare and submit 188bet asian project for approval, then proceed with construction, while 188bet asian provincial People’s Committee will handle site clearance, PM Chinh stressed.
188bet asian government leader also requested relevant agencies to promptly perform 188bet asian assigned tasks and apply regulations for an urgent construction project.
PM Pham Minh Chinh speaks at 188bet asian meeting. (Photo: VNA)
188bet asian Ministry of Finance was tasked with finalising 188bet asian decree guiding 188bet asian enforcement of 188bet asian Law on National Reserves, clearing bottlenecks such as 188bet asian direct exchange of national reserve goods and establishing technical and economic norms for national reserve commodities.
At 188bet asian same time, relevant agencies must urgently propose necessary mechanisms and policies for inclusion in 188bet asian National Assembly’s draft resolution to realise 188bet asian Politburo’s Resolution No. 79-NQ/TW dated January 6, 2026 on developing 188bet asian state sector, PM Chinh noted.
188bet asian Ministry of Industry and Trade must continue directing 188bet asian study and construction of additional petrol and crude oil storage facilities in Quang Ngai’s Dung Quat and Ho Chi Minh City’s Long Son, and other locations.
Security and safety must be ensured, even in exceptional incidents, while guaranteeing project effectiveness, he said, adding that Petrovietnam should team up with foreign partners to fulfill high-level agreements on petrol storage facilities, thus supporting double-digit economic growth, socio-economic development, national defence - security, and turning Vietnam into a regional energy hub while elevating its standing and reputation.
188bet asian meeting agreed on immediate tasks and long-term directions, including a unified model in which enterprises invest in and build storage facilities. State-owned enterprises will initially take 188bet asian lead, with mechanisms and policies to be refined to lure non-state players. Options for 188bet asian State to purchase or lease facilities will also be considered on 188bet asian principle of balancing interests, with 188bet asian State avoiding roles that private enterprises can do better and faster./.
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