PAP Shareholders’ Meeting

Shareholders’ Meeting to Establish PetroVietnam Phuoc An Port Investment & Operation Joint Stock Company (PAP)

On April 29, 2008, PetroVietnam Phuoc An Port Investment & Operation Joint Stock Company was conducted founding Shareholders’ meeting. The Congress raritied the charter of the Company, elected Board of Directors, Board of Controllers, and through the business plan of the company. Charter capital of the company’s inception is 500 billion and will be increased up to 3000 billion as the company stable operation.

Natural Conditions Of Project located on the banks of the Thi Vai River in Phuoc An (Nhon Trach district). Port is located very convenient for export-goods for industrial parks in the region. Phuoc An port with area ò 183 ha and its total berth length: 3,050 meters, It can receive 10 ships of 60.000 DWT at the same time. The handling capacities through the port can be up to 2.0 million TEU and 6.5 million tons for general cargo per year.
 
Besides the port also has large area of 548 hectares logistics Services include items such as: the railway station and dedicated warehousing, port logistics zone, the production and storage of natural gas … Natural Conditions of the Project road linking the port 319 from the road length 9.538 km, cross-section 61m. Volume is expected to receive in 2012 is 3.3 million tons per year, 2015 is 9.8 million tons per year and by 2025 was 28.5 million tons / year (amount of change in regulations). Total investment nearly 20,000 billion VND.

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