KUALA LUMPUR, Sept 26 -- Dialog Group Bhd today officially launched Phase 3A of its 485.62-hectare Pengerang Deepwater Terminals (PDT) development, following its entry into a Long Term Storage Agreement (LTSA) with BP Singapore Pte Ltd.
The LTSA will see the construction of storage tanks and the provision of storage and handling services to BP by Dialog in Phase 3A.
"This will consist of storage tanks with a capacity of 430,000 cubic metres for clean petroleum products and is set to complete in mid?2021.
"Phase 3A is the first parcel of PDT’s Phase 3, where the construction of common tankage facilities and deepwater marine facilities (Jetty 3) are already underway," said Dialog in a statement here today.
Menteri Besar Johor Datuk Dr Sahruddin Jamal officiated the launch. Also present were BP Supply & Trading (Eastern Hemisphere) chief executive officer Sharon Weintraub and Dialog’s executive chairman Tan Sri Dr Ngau Boon Keat.
Dialog said the launch marked a continued expansion of PDT in Pengerang, Johor, where Phase 3 is currently being developed on approximately 121.41 hectares of land within PDT with an indicative initial investment of RM2.5 billion.
"Dialog is targeting medium to long term customers, potentially comprising oil traders, multinational oil companies, refineries and petrochemical plants, which will, in turn, support various downstream operations including those of the refinery and petrochemical plants within the Pengerang Integrated Petroleum Complex," it said.