KUALA LUMPUR: The land for the development of Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Johor has come under state ownership.
This has effectively paved the way for Petronas’ RM89bil project, which is the key driver to the success of the multi-billion-ringgit Pengerang Integrated Petroleum Complex (PIPC), to proceed according to plan, according to Johor Petroleum Development Corp Bhd (JPDC) chief executive officer Mohd Yazid Ja’afar.
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