New site for RM3b Labuan project

Labuan: Idyllic sunset island Pulau Kuraman off here, once a famous spot for weekend holidaymakers and picnickers, is being eyed by investors for the development of an integrated petroleum complex, replacing Pulau Daat across the harbour which was the earlier chosen site for such development.

Kuraman, which stretches over 171.6 hectares on the south-western tip of Labuan, is in close proximity to Kiamsan where the Crude Oil Terminal is located.

 

The island has been found more suitable to reinforce Labuan's position in the oil and gas sector because of its surrounding deep water, making it better suited for ocean-going tankers to dock.

Furthermore, since the RM3 billion Pulau Daat project, under the Economic Transformation Programme (ETP), was announced in 2011, it seemed to have plunged into the doldrums with the main investors pulling out.

Federal Territories Minister Datuk Seri Tengku Adnan Monsor said: "The project has been slow to take off and we would not want to wait any longerÉprivate investors have submitted proposals for Kuraman.

"Development in Kuraman will include an oil terminal, storage facilities and a refinery as well," he said.

However, the proposed project will not be similar in terms of costing, scope of development and its roles.

According to Adnan, the lighthouse at the Kuraman estuary would be demolished as ships these days rely on GPS, while the land would be swapped with owners of land.

"This is an effort to ensuring the oil and gas (O&G) sector in Labuan continues to move forward. So, Pulau Kuraman is being considered for an oil refinery plant project," he told reporters at a "moreh" programme with the media fraternity here on Saturday night.

The Pulau Daat project, jointly undertaken by Sabah-based RG Gas and Chemicals and China-owned Zhuhai Winbase International Chemical Tank Terminal Co Ltd, is said to create some 3,000 jobs for the locals during the construction phase.

Several memorandums of understanding (MOUs) had been signed last year including with Sarawak-based O&G company, Suria Offshore Hub Sdn Bhd and Borneo Oil and Gas Venture Sdn Bhd.

The MOUs were for the construction of a tank farm terminal, among others.

RG Gas and Chemical Managing Director, Jimmy Tang, had said that the completion of the project would see the building of the largest oil tank storage in the region.

RG Gas & Chemical received approval from the Labuan Corporation to convert Pulau Daat into an industrial zone for an integrated O&G hub.

"This project will no doubt enhance the position of Labuan and Sabah as one of the leading O&G hubs in the country and ultimately, the region as well."

This hub will provide land-based logistics and support services such as tank farms, oil terminals, container yards, fabrication yards as well as complementing marine support logistics in Labuan.

Earlier, at a breaking of fast ceremony, the Minister presented the appointment letter to Labuan MP Rozman Isli as the new Chairman of Labuan Corporation, replacing Datuk Yussof Mahal whose term has expired.

Extracted from DailyExpress

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