Friday, October 8, 2010

Dialog up on deepwater terminal approval

KUALA LUMPUR: DIALOG GROUP BHD []'s shares advanced on Friday, Oct 8 after the company received the go-ahead from the Johor government to develop the independent deepwater petroleum terminal at Pengerang, Johor for a period of 60 years.

At 9.25am, Dialog was up four sen to RM1.20 with 3.41 million shares traded.

The approval will enable Dialog, the Johor government and Vopak to own and develop an independent deepwater petroleum terminal with harbour port, jetty and other marine facilities with water depth up to 26 meters capable of handling ultra large crude carriers.


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