KNM and foreign partner put in bids worth RM3.2bil for Rapid jobs


Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar (third from left) with Prime Minister Datuk Seri Najib Tun Razak (fourth from left)) looking at the Rapid plan during the launching of the Rapid project here in Pengerang, Johor on May 13. Looking on is Petronas Rapid executive project director Wan Yusoff Wan Hamat (left), - ABDUL RAHMAN EMBONG/The Star.

PETALING JAYA: KNM Group Bhd and its foreign partner have put in aggressive bids for the process equipment jobs at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project worth in excess of US$1bil (RM3.21bil), sources said.

It is learnt that KNM’s share in the joint venture is 33% and that the foreign partner was also a company with technical expertise in the oil and gas field.

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