MALAYSIA:Vitol to invest RM1 billion in oil storage terminal in Johor state

摘要

ATT Tanjung Bin Sdn Bhd(ATT),the Malaysian subsidiary of European oil trader Vitol,said it plans to invest up to RM1 billion in an oil storage terminal in the southern Malaysian state of Johor.(US1=RM3.4).ATT has agreed to lease from Malaysia's Seaport World Wide Sdn Bhd(SWW),a fully-owned subsidiary of MMC Corporation Bhd,120 acres of land at the rate of RM20 per square feet for 30 years.