CREC to build oil terminal at Asia Petroleum Hub


Big contract: Liow (back row, centre) and Dr Wee (back row, second from left) witnessing the MoU signing ceremony between Lim (seated, centre), Fajarbaru Builder Sdn Bhd director and COO Toh Teong Hock (seated, right) and China Railway Engineering Corporation deputy general manager Sun Hang (seated, left) on the construction of Asia Petroleum Hub oil terminal in Johor. With them are (back row, from left) CREC general manager Cai Zemin, Smart Crest Sdn Bhd director Kerbin SC Chia, and MCA treasurer-general Tan Sri Kuan Peng Soon.

RM1.8bil contract comes days after collapse of Bandar Malaysia deal

BEIJING: China Railway Engineering Corporation (CREC) has been awarded a contract worth US$400mil (RM1.8bil) for the construction of the oil terminal of the just-revived Asia Petroleum Hub (APH).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , crec

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read