Petronas delays US$19 bln petrochemicals project to 2018

10-Aug-13
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.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

*

Name Required.

*

Please enter Company Name.

*

Please Select Country.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Windmoller  and Holscher 5 layer cast film line

Windmoller and Holscher 5 layer cast film line