Asian Tank Terminal is looking for a $250 million (187 million) loan to build an oil storage facility in Malaysia.
The loan is likely to be for nine years. Requests for proposals were sent to about 20 banks and Asian Tank is reviewing the responses.
Asian Tank plans to design, build and operate a fuel storage facility in Johor, Malaysia, that should start operations in April 2012.
Asian Tank Terminal is a venture between Switzerlands Vitol Group and Malaysian shipping group MISC.