Investments by global players in the petrochem sector in South East Asia came to a halt in 2001 with MNCs shifting their focus on downstream businesses to China. Will high oil prices and strong global demand for oil-based products assist in the return of the of investments in new petrochemical plants in South East Asian countries, particularly Malaysia and Singapore?
Expansion plans by various global players indicate that their plans to set up downstream projects in the oil and gas industry in Malaysia and Singapore by the end of next year.
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