November 29, 2012 [Platts] - The partners in the Malaysian Pengerang oil terminal have completed dredging for the first phase of the project and started work on storage tank foundations, a spokesman for the terminal operator said Thursday.
The project remains on track for planned startup in January 2014, he said.
Work on the terminal’s jetty is ongoing, while land reclamation work for the first phase of the project was completed earlier in the year, the spokesman said.
The Vopak Pengerang terminal, located in the southern state of Johor, is being developed by Pengerang Terminals — a joint venture between Dutch oil and chemicals storage provider Vopak (49%) and Malaysian terminal operator Dialog (51%) — which will also operate the facility once it is completed.
The two partners own the facility through a second joint venture with the Johor government, which owns 10%.
The terminal will initially have a capacity of 1.3 million cubic meters of storage, with plans for a further 1 million cu m in a later expansion of the project’s first phase.
