Dialog: Cheap crude driving up demand for storage facility

Historic day: Dialog Group Bhd executive chairman Tan Sri Dr Ngau Boon Keat welcoming master of MT Mesdar Capt Krivonosov Valdimir at Pengerang Terminal, Johor.

KOTA TINGGI: Dialog Group Bhd, the lead joint-venture partner in a huge land-based crude oil storage facility in Pengerang, Johor, said that cheap crude oil prices on the international market are driving up demand for storage facility.

“We are seeing a surge in demand for storage since the price of crude oil started to decline late last year,” Dialog executive chairman Tan Sri Dr Ngau Boon Keat said.