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Article: SINGAPORE: Construction start-up on planned phase-1 of $70,000,000 oil storage facility is tentatively scheduled to begin some time during the 4th quarter of 2004, VOPAK TERMINALS SINGAPORE [Singapore/Netherlands] Order #: 097004.
- Article from:
- WWP- Report on Oil Gas & Petrochemicals in the Developing World
- Article date:
- September 1, 2004
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PROJECT OVERVIEW:
The local VOPAK TERMINALS SINGAPORE, a subsidiary of Netherlands-based ROYAL VOPAK, is currently said to be targeting petrochemical traders for its 4th integrated oil and chemicals terminal on Jurong Island. The company's business strategy for the new terminal is unlike the company's customer base for its other petrochemical storage facilities at nearby Sakra and Penjuru islands that is made up mainly of petrochemical end-users.
As a result, VOPAK is tentatively scheduled to begin the construction of phase 1 of its storage terminal some time during the 4th quarter of 2004. The first phase will include the construction of a 340,000 ...