By ANGELA TAN
Benalec Holdings Berhad and Rotary Engineering Limited jointly announced today the signing of a Memorandum of Understanding (MOU) to develop an independent deepwater storage terminal for oil products in Tanjung Piai, south-western tip of Johor, Malaysia.
With an initial capacity of 1 million cubic metres, with subsequent phases to increase capacity to 3 million cbm on the total reclaimed land area of 250 acres, the proposed terminal will be a petroleum storage facility for storing, blending and distributing crude oil and its derivatives.
The integrated storage facility will be completed with deepwater jetty facilities capable of handling very large crude carriers (VLCCs).
The two companies will jointly embark on a technical feasibility study, after which they will form a joint venture company by participating in taking equity ownership and development of the first 1 million cubic metres oil storage terminal as well as other terminal projects.
個人破產呈請創五個月新高 許正宇:先觀察再決定是否需採取措施
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破產管理署早前公布,上月個人破產呈請783宗,按月升近兩成一,亦是自去年11月以來的新高;強制公司清盤呈請,上月有69宗、按月升三成。財經事務及庫務局局長許正宇今(27日)接受電台訪問時提到,破產呈請上升,涉及多個因素,會先觀察一段時間,再決定是否需要採取相關措施。許正宇稱,破產呈請數目增加,涉及多個因素,可能有...
58 minutes ago
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