PETRO TEGUH IN PHILIPPINE FORAY?
Company says working out feasibility of venture after invitation to export portable container system
PETRO Teguh (M) Sdn Bhd is looking to export its portable container systems (PCS) for petrol and diesel to the Philippines, following encouraging response from the fishing community in Malaysia.
The PCS is a self-contained modular fuel storage and dispensing unit, mainly installed at fish landing jetties or remote areas such as small islands.
“The Philippine Economic Zone Authority (PEZA) has invited us to consider expanding our PCS business there. We are working out the feasibility of this venture,” said Petro Teguh managing director Datuk Azmin Mustam Abdul Karim at a media briefing recently.
PEZA, a government agency attached to the Department of Trade and Industry, is created to promote investments by offering tax incentives.
A PCS station with single storage is priced at RM500,000 per site/unit (psu) while it is RM750,000 psu for a doublestorage station.
“We’re also collaborating with the Fisheries Development Authority of Malaysia to have PCS installed at jetties for the convenience of fishermen,” said Azmin.
“If not for the PCS, fishermen would have to go to the nearest fuel station, which can be some 5km to 10km away, to fill the jerry can that is usually strapped to the seat. This method is dangerous as the fuel can explode.”
Azmin said the RON95 petrol variant and diesel retailed via PCS were also at the same prices as at conventional fuel stations.
“Currently, rural folks in Sarawak transport fuel in jerry cans via four-wheel drives from the conventional fuel stations. When the fuel reaches the remote highland areas, it is sold at a high price,” he said.
As Petro Teguh expands its PCS business into the remote highlands, Azmin said his team had brought the convenience of refuelling at no extra cost.
Also present at the media briefing was DNeX group managing director Zainal Abidin Jalil.
DNeX was awarded a contract worth between RM50 million and RM75 million by Petro Teguh to design, engineer, procure, construct, install and commission up to 105 PCS units across the country, for two years.
Zainal said the collaboration augured well for DNex.
“We’re erecting more than 100 PCS, mainly at fishing jetties and remote areas in the highlands,” said Zainal.