KUALA LUMPUR: DIALOG GROUP BHD [] has received the Johor government's approval to reclaim and use the site in Pengarang for the proposed RM5 billion independent deepwater petroleum terminal.
Dialog said on Friday, May 13 its unit Dialog Pengerang Sdn Bhd (DPgSB) had signed a development cum joint venture agreement (DJVA) with the Johor government and the State Secretary, Johor (Inc).
'The DJVA grants the right to start the reclamation work and the use of the reclaimed land for the CONSTRUCTION [] of the independent deepwater petroleum terminal.
'The independent deepwater petroleum terminal will serve as a springboard for other industries to be developed and in line with that the Johor State Government will expand its Master Plan to develop Southeast Johor into a regional oil and gas hub,' said Dialog.
Dialog said the terminal will be developed on contiguous onshore and seabed land located between Tanjung Ayam and Tanjung Kapal, Pengerang, with harbour port, jetty and other marine facilities with water depth up to 26 meters.
It added the terminal would be capable to handling ultra large crude carriers and very large crude carriers and other vessels, and with tankage facilities for the handling, storage, processing and distribution of crude oil, petroleum, petrochemicals and chemical products in Tanjung Ayam and Tanjung Kapal, Pengerang.
Dialog said the combined investment in the project is estimated at RM5 billion over a seven-year period.
The Project is an Entry Point Project under the Malaysian government's National Key Economic Areas and part of the Economic Transformation Programme.
Dialog said on Friday, May 13 its unit Dialog Pengerang Sdn Bhd (DPgSB) had signed a development cum joint venture agreement (DJVA) with the Johor government and the State Secretary, Johor (Inc).
'The DJVA grants the right to start the reclamation work and the use of the reclaimed land for the CONSTRUCTION [] of the independent deepwater petroleum terminal.
'The independent deepwater petroleum terminal will serve as a springboard for other industries to be developed and in line with that the Johor State Government will expand its Master Plan to develop Southeast Johor into a regional oil and gas hub,' said Dialog.
Dialog said the terminal will be developed on contiguous onshore and seabed land located between Tanjung Ayam and Tanjung Kapal, Pengerang, with harbour port, jetty and other marine facilities with water depth up to 26 meters.
It added the terminal would be capable to handling ultra large crude carriers and very large crude carriers and other vessels, and with tankage facilities for the handling, storage, processing and distribution of crude oil, petroleum, petrochemicals and chemical products in Tanjung Ayam and Tanjung Kapal, Pengerang.
Dialog said the combined investment in the project is estimated at RM5 billion over a seven-year period.
The Project is an Entry Point Project under the Malaysian government's National Key Economic Areas and part of the Economic Transformation Programme.
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