World's largest independent storage company to start crude oil storage site in M'sia

The facility in Malaysia "caters to a new and growing demand for this service, triggered by growing crude oil and petroleum products import flows into Asia and Australia," Vopak Asia's Division President Patrick van der Voort said in an e-mail.

The crude storage facilities are part of a joint venture terminal project between Vopak, Malaysia's Dialog Group and the state government of Johor. When completed, it will have a capacity of about 1.3 million cubic metres to store oil products in addition to crude.- Reuters