OZ75 PLANNING ON OIL REFINERY

Petroleum refinery blending facilities and bulk storage terminal in petroleum hub, Pulau Kerengga, Terengganu (Future Planning)

We had entered an Memorandum of Understanding (MOU) with Terengganu State Owned Company, Terengganu Metal Ex-Change Sdn. Bhd. (TMEX) for development of Oil Refinery in Pulau Kerengga, Marang, Terengganu.

The location was gazette by the State government as Petroleum Hub and within the land size of 5,000 acres in total. The Petroleum Hub is plan to have Oil Refinery (200,000 bpd), Bulks Storage Terminal with capacity 3.5 million cbm to store various products and Crude Oil storage, and LNG Storage, Liquid Gas Bottling Plant, Power Plant and Clean Water source and also a deep-water berthing port for VLCC size.

To compete with global Petroleum industries and to get a better and consistent in supplies and margins in productions of clean petroleum products, OZ75 will partnering with TMEX and also our investor to built the refinery and blending facilities to cater the local demand and ASEAN market.

A new expanding development was take place since last 20 years ago to leverage the Pulau Kerengga Port area to become a Commercial Port’s with extension for Petroleum Hubs under ECER (East Coast Economic Regional).

It is strategically located in the Regional Economic Growth Areas of Indonesia- Malaysia-Thailand Growth Triangle (IMT-GT) and Brunei Darussalam-Indonesia- Malaysia-The Philippine East ASEAN Growth Area (BIMP-EAGA). In the planning of the growth corridors concept of ECER, it provides a platform for an adoption of a regional development approach in a comprehensive, coordinated and coherent manner into IMT-GT and BIMP-EAGA.

OZ75 planned to built a Petroleum Refinery and Bulk Storage Terminal complete with blending plant, as our approval and licensed from the Regulators and Ministry for Manufacturing, Processing and Refining to produce our own Petroleum products to cater the ASEAN demands. The Refinery shall complete with Crude Distillation Unit, Condensate Splitter Unit, Gas Processing and with Euro 5.52 technology and will produce a Euro Standard’s of Fuels with the investment value at $US 29.0 Billions.