Dialog looks to develop more storage terminals

Dialog is looking to secure new potential partners for its next phase of the Pengerang Deepwater Terminal project.
The group, which generated RM913.6 million of revenue in its third quarter financial results, ending March 31 2017, says that Phase 3 of the project will include the development of more petroleum and petrochemical storage terminals.
It says that further development of the Pengerang Deepwater Terminal, which is currently undergoing construction of Phase 2, will provide more opportunities for its engineering, construction, fabrication and plant maintenance services.
Additionally, the group is also developing an industrial estate with a land area of approximately 170 acres that would support the development of further downstream petroleum and petrochemical industries in Pengerang, Johor.
It says in a statement: ‘Dialog remains confident that its business model is well structured and can withstand the current oil price volatility and currency movements. The group’s financial track record has proven that Dialog’s business is well risk-managed and sustainable.
‘Barring any unforeseen circumstances, the group is optimistic that it will continue to deliver a healthy performance for the financial year ending June 30 2017.’