State oil firm Petronas will start up its US$19 billion petrochemicals complex in Malaysia in 2018, as per Reuters, signalling a further delay in the country's largest-ever infrastructure project. A delay to the project in southern Johor state could deal a potential blow to the economy of the Southeast Asian nation as well as local oil and gas services firms hoping for work on the massive complex. The project has been complicated by a need to secure water supplies as well as cater for proposed international partners. Petronas had already put back the project from late 2016 to early 2017 in June and revised the final investment decision (FID) to the first quarter next year, citing state government problems in relocating villages and graves from the 2,000 hectare-site, five times the size of New York's Central Park.
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}