Petrolimex, PetroChina in talks over $212 million pipeline

July 11, 2011 | Asia, Budget & Investment

Vietnam_petrolimex

Petrolimex, Vietnam’s largest oil product distributor, has discussed with China’s top oil producer, PetroChina , a $212 million project to build a pipeline for taking Chinese refined products to Vietnam, the Vietnamese firm said.

The pipeline would have an initial annual capacity of 10 million tonnes of petrol, diesel and other products, Hanoi-based Petrolimex said in a prospectus seen on Monday and which is prepared for its initial public offering on July 28.