KNM and foreign partner put in bids worth RM3.2bil for Rapid jobs


Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar (third from left) with Prime Minister Datuk Seri Najib Tun Razak (fourth from left)) looking at the Rapid plan during the launching of the Rapid project here in Pengerang, Johor on May 13. Looking on is Petronas Rapid executive project director Wan Yusoff Wan Hamat (left), - ABDUL RAHMAN EMBONG/The Star.

PETALING JAYA: KNM Group Bhd and its foreign partner have put in aggressive bids for the process equipment jobs at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project worth in excess of US$1bil (RM3.21bil), sources said.

It is learnt that KNM’s share in the joint venture is 33% and that the foreign partner was also a company with technical expertise in the oil and gas field.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read