KOTA KINABALU: Sabah’s Petroleum Storage and Refinery Plant project is expected to create close to 5,000 job opportunities for Sabahans, says Chief Minister Datuk Seri Hajiji Noor.
"This is a promising development for our local workforce," said Hajiji, adding: "I am committed to ensuring that Sabahans are prioritised for these opportunities, as part of our ongoing efforts to drive local development."
The project that would bring in over USD 3.5bil (RM15.5bil) in foreign direct investment (FDI) will require more than 3,000 workers during its construction and over 1,000 permanent jobs will be created once the plant becomes fully operational.
The project, owned by Petroventure Energy Sdn Bhd is slated to begin in April and is expected to contribute significantly to the state's economic growth, leveraging Sabah's vast natural resources.
Hajiji expressed confidence that the facility, designed to process up to 150,000 barrels per day (BPD), will help establish Sabah as a prominent hub for oil and gas operations in the region.
With the addition of an oil storage capacity of three million cubic meters for both crude oil and refined petroleum products, the project will further cement the state's strategic position within the global energy sector.
"This is another strategic new investment that will undoubtedly strengthen Sabah’s position as a hub for the oil and gas industry in the region," said Hajiji.
Beyond the refinery itself, the project will also involve the construction of essential infrastructure, including a jetty, oil upgrading facilities, petroleum testing laboratories, and administrative buildings.
These additions will further enhance SOGIP’s appeal as a global investment destination.
Hajiji also reassured the public that the environmental impact of the project has been carefully considered.
Petroventure Energy has carried out extensive studies, including an Environmental Impact Assessment (EIA), to ensure the development aligns with both industry standards and the state’s environmental priorities.
SOGIP has already attracted several high-impact investments, such as Esteel’s Green Steel factory, which carries an RM20bil phased investment.
In addition, the recently announced RM8.88bil Energy, Oil, and Gas Hub Project, a collaboration between Sabah Oil and Gas Development Corporation (SOGDC) and Gibson Shipbrokers Limited, promises to elevate Sabah’s position in the Southeast Asian energy sector.
Hajiji reaffirmed the state government’s commitment to supporting investments that would provide long-term benefits for the people of Sabah.
“We are confident that this project will catalyse the growth of the oil and gas industry, making Sabah a competitive energy hub on the international stage,” he said.
Sabah’s abundant natural resources, coupled with its strategic location, stable political environment, and diverse economy, continue to make the state a prime destination for foreign investors.
