SINGAPORE: Malaysia’s biggest commercial oil storage facility will start operations today when it receives its first fuel shipment, expanding South-East Asia’s share in the oil storage business and also raising competition with neighbouring Singapore.
The US$600mil (RM1.9bil) oil storage terminal with a capacity of 1.28 million cu m in Pengerang, Johor would receive a clean oil product shipment today morning, Dialog Group Bhd, one of the owners of the terminal, confirmed to Reuters in an email.
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