The research firm believes that Dialog is likely to proceed with a further expansion of its tank terminal capacity of 1.2m cu m gradually (expected to start in 2022) as demand for petroleum products and crude oil storage space would be strong upon completion of the many petrochemical facilities in the area.
PETALING JAYA: Dialog Group Bhd
’s expansion projects are on track and nearing completion, with Pengerang Phase 2 joint-venture (JV) profit contributions expected to commence in the second half of the year.
According to a UOB KayHian report, the Pengerang Terminal Phase 2 (PT2SB), which has 1.3 million cubic metres dedicated to the Refinery and Petrochemical Integrated Development’s requirements, is expected to complete all commissioning phases by the middle of the year.
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