Petronas defers decision on US$20 bln petrochemical plant at Johor to 2014

24-May-13

Malaysia's Petroliam Nasional Bhd. has deferred for another three quarters a decision to proceed with what the government describes as one of the country's most important oil-and-gas projects, as per Dow Jones Newswire. A decision about building the US$20 billion petrochemical complex in the southern state of Johor has been deferred until Q1-2014. It had been scheduled to announce if it will go ahead by next month. Petronas is currently conducting a new "front-end engineering design study.”