JOHOR BARU: Two foreign companies are expected to invest between US$16bil and US$20bil in the Pengerang Integrated Petroleum Complex (PIPC), according to Johor Petroleum Development Corp Bhd (JPDC).
Chief executive officer Mohd Yazid Jaafar said the companies, from Taiwan and Singapore, were currently doing soil investigations on the 2,000ha to 2,400ha.
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