This year旧 Tank Storage Asia expo & conference has moved from the traditional storage hub of Singapore to the up and coming region of Malaysia.
Singapore may be one of the largest oil refining and trading hubs in the world, with total storage capacity standing at close to 10 million m3 and annual oil trade registering around $300 billions worth, but it has no natural resources and is rapidly running out of space.
Ever increasing land prices are causing companies to look to Malaysia as a supplementary storage centre, and significant new terminal storage capacity is expected to come on line in the next few years, in particular along the Johor coast near Singapore.
The estimated storage capacity by 2020 in Malaysia is expected to be around 25 million m3, primarily in that region.
The first phase of European trader Trafigura旧 400,000m3 Tanjung Langsat oil storage terminal in Johor has just been completed, global oil trader Vitol is planning its own terminal at Tanjung Bin and Vopak is conducting a feasibility study to develop a storage facility in Pengerang.
Other plans for the region include Malaysia's privately held Merapoh Resources, which has signed a MoU for a proposed $10 billion (�6.7 billion) refinery in Yan, Kedah, northern Malaysia; Malaysia's Pristine Oil, which is building tanks to hold up to 1.5 million barrels of oil and Malaysia's Trans-Peninsula Petroleum, which is working on a $7 billion oil pipeline across the northern part of Peninsula Malaysia.
This is a great opportunity for companies that supply equipment and services to reach out to the industry's prime decision-makers and to take advantage of the new building projects currently planned - contact us now to exhibit!
Major exhibits:
Meeting your market face-to-face
Direct selling to serious buyers in active buying mode
Building prospect databases
Generating high-quality sales leads
Building relationships with existing customers
Demonstrating products/ services
Educating the customer market
Improving media relations
Generating media exposure
Building brand awareness
Launching new products/ services
Positioning your company as a market leader
Promoting company image
Targeting, testing and developing new markets
Boosting financial analyst/ investor perceptions
Conducting market research
Identifying and recruiting new distributors or partners
Harnessing all five senses to drive home your messages
Gathering competitive intelligence
Networking with industry peers
View all details
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