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.


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