Malaysia to boost oil storage business as new terminal starts on Saturday


Dateline 2014-04-11, Reuters:

Malaysia’s biggest commercial oil storage facility will start operations on Saturday when it receives its first fuel shipment, expanding Southeast Asia’s share in the oil storage business and also raising competition with neighbouring Singapore.

The $600 million oil storage terminal with a capacity of 1.28 million cubic meters at Pengerang in the southern Malaysian state of Johor will receive a clean oil product shipment on Saturday morning, Dialog Group Bhd, one of the owners of the terminal, confirmed to Reuters in an email.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: