Singapore-headquartered oil and gas infrastructure services firm Rotary Engineering is looking to purchase stakes in oil terminals in southeast Asia and Middle East.
'We are engineering, procurement and construction (EPC) contractors, but ultimately we might take some stakes in some build-own-operate or build-own-transfer projects, Chia Kim Piow, Rotary's chairman and MD, comments.
The company has conducted early engineering and design work on a few projects worth $150-350 million (118-276 million) each in the United Arab Emirates and southeast Asia.
Rotary has the capacity to take up to a 30-40% stake in such projects in Indonesia, Malaysia and Vietnam.
'This will be the next trend of expansion for us,' Chia adds. 'This is just a natural progression for our kind of business.'
Any outlay on these projects would likely be 70% funded through project financing and the rest using internal resources.