Despite the deepening global financial turmoil worldwide, Gulf Petroleum Ltd. (Qatar) recently stated that the company did not wish to turn down plans of investing US$5 bln in a refinery and petrochem complex in Perak (Malaysia). Despite the steep decline in oil prices in recent months, Gulf Petroleum will continue to outlay upto US$2 bln in 100,000-150,000 bpd refinery; US$2 bln for petrochemicals facilities and the remaining US$1 bln for storage capabilities. The company will source crude oil from its facilities in the Middle.
07-Mar-09 
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