Pengerang Deepwater Terminal Begins Operations With Arrival of First VLCC

PENGERANG, Malaysia, March 16 (Reuters) – A supertanker carrying about 1 million barrels of Middle East crude docked on Monday at a terminal collectively run by Vopak and Dialog Group in Malaysia, the businesses stated.

The arrival of tanker MT Mesdar marked the beginning of operations at southeast Asia’s first industrial crude oil tank farm.

The tanker had been chartered by CSSA, the transport arm of French oil main Total, and it loaded the crude cargo at Fujairah within the United Arab Emirates in February, Reuters transport information confirmed.

Located in Pengerang, within the southern state of Johor, simply throughout the Johor Strait from the Singapore buying and selling hub, the positioning can maintain 413,000 cubic metres of crude (2.6 million barrels) and likewise presents mixing and distribution companies.

BP has leased greater than half of the cupboard space from Vopak, the world’s largest unbiased storage firm, whereas Total will use the rest, business sources stated earlier.

The crude oil storage services are a part of a three way partnership terminal between Vopak, Dialog Group and the state authorities of Johor. The terminal has a complete capability of 1.3 million cubic metres to retailer crude and oil merchandise.

Oil pricing company Platts stated final week it was contemplating a proposal to replicate deliveries from the Pengerang terminal in its Singapore pricing assessments for center distillates and gasoline. (Reporting by Florence Tan; Editing by Tom Hogue and Biju Dwarakanath)