PETALING JAYA: Petronas Chemicals Group Bhd
, Petronas Gas Bhd and Dialog Group Bhd, as well as a number of construction, power plant and process equipment players, are seen as the best proxies to Petroliam Nasional Bhd’s (Petronas) US$27bil (RM88.56bil) capital spending in the Pengerang Integrated Complex (PIC), for which the final investment decision (FID) was reached late yesterday.
Maybank IB Research told clients yesterday that the mega-project was set to have massive multiplier and spin-off effects, resulting in the creation of a strategic petrochemical and refinery hub in Asia, an oil trading hub, and potentially a new crude benchmark.
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