MALAYSIA:KIC to build USUS400 million oil storage,blending facility on Tanjung Bin Island,off Johor

摘要

Malaysia's KIC Oil and Gas Ltd,which is taking over shipping firm PDZ Holdings Bhd,said it will build a 1.2 million-cubic-metre fuel oil storage and blending facility on Tanjung Bin Island off the southern state of Johor by 2007.The USUS400-million facility,near Pelepas port,is supported by the Malaysian government and aims to serve Asia's growing demand for oil storage.