The contract, which is worth US$174.5 million (approx. S$245 million) to provide EPC works, is signed with ATT Tanjung Bin Sdn Bhd (“ATB”). The EPC works are expected to be completed by March 2012.
ATB is 100% owned by Asia Tank Terminal Limited (“ATTL”), a joint venture company between Vitol Tank Terminals International B.V. (part of the Vitol Group) and MISC Berhad (maritime transportation and logistics provider). ATB will undertake the design, construction and operation of the oil terminal.
PEC Group awarded US$174.5 Million oil terminal project in Malaysia
01.18.2010 - NEWS
January 8, 2010 [PEC Ltd.] - PEC announced that its subsidiary, Audex Pte Ltd, had signed a contract for an 841,000 cubic metre oil terminal for the storage of fuel oil, middle distillates and light distillates at Tanjung Bin, Johor, Malaysia.
