KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) hopes to reach a final investment decision on its RM60bil Refinery and Petrochemicals Integrated Development (Rapid) complex in Pengerang, Johor by the first quarter of next year, pushing back the commissioning of the specialty chemicals-based facility to end-2016 or early 2017.
This was because of a delay in the state government’s relocation of residents as well as cemeteries, president and CEO Tan Sri Shamsul Azhar Abbas told journalists at a briefing on Petronas’ first quarter results yesterday.