Dateline 2012-08-17:
The Malaysian oil storage terminal at Pengerang in the southern state of Johor is on track for a planned January 2014 start-up after the completion of land reclamation work and the commencement of work on jetties, a spokesman for the terminal operator said Friday.
The terminal is being developed by a joint venture between Dutch oil and chemicals storage provider Vopak (49%) and Malaysian terminal operator Dialog (51%), Pengerang Terminals Sdn. Bhd., which will also operate the facility once it is completed. The two partners own the facility through a second joint venture with the Johor government, which owns 10%.
The terminal will initially have a capacity of 1.3 million cubic meters of storage, with plans for a further 1 million cu m in a later expansion of the project’s first phase. A Vopak official said in April that work on the terminal had commenced, with the cost of the project pegged at $620 million.
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Wata - Malaysian Oil and Gas Engineer 