Asia

Abu Dhabi investing in Malaysian oil terminal

 

Kuala Lumpur: Abu Dhabi is investing close to $7bn in a new oil storage facility in Malaysia. 
 
The site, based in Tanjung Piai in Johor state, will be able to hold up to 60m barrels of oil. The area is one Malaysian authorities have targeted to be a major alternative oil and gas hub to Singapore.  [13/03/13]

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