Over RM5bil committed investments secured in Pengerang complex’s 2nd phase FMTNews FMTBusiness
Over RM5 billion of investments have been committed in the second phase of the Pengerang Integrated Petroleum Complex, according to the Johor Petroleum Development Corp.
Acting chief executive Izhar Hifnei Ismail said the agency is currently facilitating and assisting several prospective investors in their feasibility studies towards establishing their downstream oil and gas as well as petrochemical businesses in PIPC. The other project is the Pengerang Integrated Complex which comprises refinery and petrochemical facilities as well as supporting facilities developed by Petronas with a US$27 billion investment.
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