CREC to build oil terminal at Asia Petroleum Hub


  • Markets Premium
  • Saturday, 13 May 2017

Big contract: Liow (back row, centre) and Dr Wee (back row, second from left) witnessing the MoU signing ceremony between Lim (seated, centre), Fajarbaru Builder Sdn Bhd director and COO Toh Teong Hock (seated, right) and China Railway Engineering Corporation deputy general manager Sun Hang (seated, left) on the construction of Asia Petroleum Hub oil terminal in Johor. With them are (back row, from left) CREC general manager Cai Zemin, Smart Crest Sdn Bhd director Kerbin SC Chia, and MCA treasurer-general Tan Sri Kuan Peng Soon.

RM1.8bil contract comes days after collapse of Bandar Malaysia deal

BEIJING: China Railway Engineering Corporation (CREC) has been awarded a contract worth US$400mil (RM1.8bil) for the construction of the oil terminal of the just-revived Asia Petroleum Hub (APH).

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , crec

   

Next In Business News

Portugal's EDP betting on floating solar farms in Southeast Asia Premium
Oil price rises more than 2% as supply outages outweigh recession fears Premium
Wall St Week Ahead-Investors brace for pivotal July after dismal first half Premium
Thai Airways aims for 2024 completion of restructuring Premium
Labour issues dominate businesses Premium
Education needs to be realigned to meet industry demand Premium
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess Premium
GST net collection may not be as high as thought Premium
Powerwell puts business back on track Premium
Greenyield’s Papua New Guinea acquisition explained Premium

Others Also Read