Malaysia: Pengerang Terminal Ready for VLCCs

Pengerang Terminal Ready for VLCCs

Dialog Group Bhd, the country’s second-biggest oil and gas services provider, said it has signed some customers for the RM1.9bil storage terminal, it is developing with Royal Vopak NV.

Talks with other potential customers were continuing, Dialog managing director Ngau Boon Keat said in an interview at Pengerang in Johor.

Dialog, Vopak and the Johor government are developing the site at Pengerang, with initial capacity of 1.3 million cu m, to meet rising demand for oil storage in Asia and as space in Singapore dwindles. The companies were betting on the terminal’s location to capture trade flow between China, India and Asia, Ngau said at the site.

Our location is blessed with 24-m deep natural berth able to bring in very large crude carriers,” said Law Say Huat, chief executive officer of the venture developing the Pengerang terminal.

We are offering an alternative to the crude oil traders, refiners, or the suppliers to be able to bring here to blend up, to break bulk or to make bulk.”

The tanks would be for clean products and crude oil and would begin operating from 2014, Ngau said.

Clean products include fuels such as gasoline, naphtha, diesel and kerosene. The company has no immediate plans to build fuel oil tanks.

At the moment, there is quite a lot fuel oil storage,” Ngau said. “We’re more targeting crude oil storage.”

The project would help drive annual profit growth at Dialog by more than 20% in the next few years, Ngau said. Earnings would also be supported by ventures to provide services to oil and gas explorers, he said.

Press Release, December 21, 2012

Share this article

Follow Dredging Today

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

JOC Gulf Shipping Conference

This new event will draw out insights and perspectives from industry leading thinkers and practitioners delving deeply into all aspects…

read more >

IHC Beaver Engineer Training

The IHC Beaver® dredger, IHC Merwede’s standard cutter dredger, is well known for its robust construction, reliable operation and excellent…

read more >

Global Port & Marine Operations ‘Port Expansion – the Challenges’

The programme has been designed to appeal to Harbour Masters from ports across all levels of the industry spectrum…

read more >

Major European Sea Ports conference coming to Ireland in 2016

The 2016 ESPO Conference will look into ways to improve the efficiency of maritime transport and ports, this from different angles…

read more >

Jobs>

Hydrographic Surveyor

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices....

apply

Design Engineer Standard Cutter Suction Dredgers

As a Design Engineer you will be involved in the concept, basic and detail design of Cutter Suction Dredgers...

apply

Dredge Masters, Engineers and Superintendent\\\\\\\'s Urgently Required!

Flagship Management is working with a number of leading international marine and dredging organizations and require the following candidates for a range of global projects...

apply