A trio of oil-related companies is planning to grow its storage terminal interest in Malaysia by quarter of a million m3.
Energy and commodities trader Trafigura Beheer, Malaysia's MISC Berhad and Dialog Group are planning to grow their joint venture (JV) terminal in Johor, Malaysia by at least 250,000 m3.
The expansion will be done in two stages in addition to the terminal's current two-phased development plan, Ngau Boon Keat, chairman of the Langsat Terminal (One), says.
The consortium plans to invest RM 90 million (19.5 million) to execute a third phase which will add some 80,000 cm3 to the terminal. An additional 170,000 m3 is also being planned, he said.
The terminal, located at Tanjung Langsat, Johor, currently has a total capacity of 400,000 m3.
Currently the tanks are used for storage of clean oil products, namely naphtha and middle distillates.
The second phase, which will add 270,000 cm3 designated for storing of gasoil and fuel oil to the oil storage facility, is expected to be completed in March 2010.