FAMM-Indah to lease terminal in Malaysia
Oct 1, 2002 12:00 PM
Fuel and Marine Marketing LLC (FAMM), a ChevronTexaco company, announced that FAMM-Indah has signed a lease agreement with Westport Bunkering Services (WEBS) for its terminal in Westport that serves Port Kiang, Malaysia. The multi-year agreement took effect earlier in 2002, and work to upgrade the 200,000-metric-ton-capacity facility has begun.
The engineering upgrade work, which includes installing additional blending and pumping capability to the terminal, is scheduled for completion in first-quarter 2003. The facility should be fully operational in the second quarter, but the company may start bunkering fuel and oil products on a limited basis as operational conditions permit.
The WEBS terminal, which started operating in mid-1997, is on the island of Pulau Indah in Westport, within Port Kiang.
FAMM-Indah, formed in April 2001, is a joint venture between FAMM and the Malaysian-based Coral-Indah. FAMM-Indah will assume operational control of the terminal.
The Penjuru terminal in Singapore, one of the biggest fuel oil terminals in Singapore, will be a complementary location to the Port Kiang facility. The Penjuru terminal has a capacity of approximately 450,000 metric tons, of which FAMM uses more than half for its own business.
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