Petronas sees Pengerang complex starting in 2019

Arif: ‘By the end of the year we should have completed more than 50 of the complex and we’re on track to start operations in the first quarter of 2019.’

MILAN: Malaysia’s state-owned oil and gas company Petronas is on track to get its US$27bil refining and petrochemical complex in the south of the country up and running in 2019, the head of the group’s downstream operations.

Petronas has earmarked heavy spending cuts to contend with low oil prices that have sent profit tumbling, but the company remains committed to the Refinery and Petrochemical Integrated Development (Rapid) project it aims to turn into a regional oil and gas hub by 2035.