Some of you may recall that I had blogged about "Malaysia as South East Asian oil hub" a few months back.
Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi today launched the groundbreaking ceremony of the Asia Petroleum Hub (APH). This 1.0 million cubic-meter storage terminal would be located on a 40 ha man-made island, in Tanjung Bin, Pontian, Johor.
The Government of Malaysia has invested RM100mil in the RM1.4bil terminal.
Scheduled to be completed in 2009, APH is being developed by a consortium led by the KIC Group of companies. It would be able to handle 30 million tonnes of petroleum products and accommodate 3,000 vessels annually when completed.
Come back for some exclusive pictures.
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