New target for Rapid project aimed at lower cost of US$89bil

Datuk Wan Mohd Zulkiflee Wan Ariffin, President & Group CEO of Petronas(left) and Prime Minister Datuk Seri Najib Razak press their thumb print to launch the 18th Asia Oil & Gas Conference 2015 in KLCC. - Art Chen / The Star.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will rephase some work being planned at the Refinery and Petrochemicals Integrated Development (Rapid) project in Pengerang, Johor, to lower the project’s cost.

The revised deadline to complete the massive project, the third time it has been done since Rapid was launched in May 2012, has now been pushed to the middle of 2019.