PETALING JAYA: Petroliam Nasional Bhd (Petronas) is deferring the proposed retrofitting of the lube base oil plant in Malacca due to the uncertain market outlook for base oil and the prices in the submitted bids for the project.
Petronas said in a press release that the deferment was taken at the final investment decision stage as the economic viability of the project was in question.
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