KUALA LUMPUR: Dialog Group Bhd is undertaking a new expansion phase at its Tanjung Langsat terminals in Johor with an additional 100,000 cubic metres of storage capacity for petroleum products.
In a filing with Bursa Malaysia today, the integrated technical services provider said the expansion is expected to commence immediately.
Its expected completion by mid-2029 would bring its total combined storage capacity in Tanjung Langsat to more than 1.1 million cubic metres.
It said the expansion will involve its indirect wholly owned subsidiary Dialog Terminals Langsat (3) Sdn Bhd (DTL3).
“Dialog will undertake the engineering, procurement and construction (EPCC) of the storage facilities for petroleum and petrochemical-related products connected to existing marine facilities,” it said.
The additional space is expected to contribute positively to the company’s future earnings.
“The company will remain focused on diversifying its operations across the upstream, midstream and downstream energy sectors, as well as the sustainable and renewable energy sectors.
“The strategy will position the company to participate in, and benefit from, different economic and oil price cycles, in line with its objective of generating long-term recurring income,” it said.