Diaiog Group Bhd, a Malaysia-based oil and gas services provider, plans to develop a deepwater storage terminal at a cost of more than USD 1 billion in Johor state, as it looks to compete with Singapore as a regional fuel-trading hub. The plan is subject to a minimum six-month feasibility study. The proposed terminal, to be built on 500 acres of reclaimed land in the SE Pengerang district, will be a tank facility for storing, blending and distributing crude oil and petroleum products with port facilities capable of handling very large crude carriers. Dialog Group said it would seek multinational corporations to jointly build, own and operate the terminal.
