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SINGAPORE: Petroliam Nasional Bhd (Petronas) and Saudi Aramco have started operations at their new 1.2-million-tonnes-per-year naphtha cracker, multiple sources familiar the matter said.
JOHOR BARU: Lotte Chemical Titan Holding Bhd hopes the completion of its third polypropylene plant (PP3) in Pasir Gudang here will meet market demand growth for polypropylene in Malaysia, Indonesia, China and the rest of the South-East Asian market.
PETALING JAYA: A change to the structure of the Lotte Chemical Titan Holding Bhd initial public offering (IPO) by bankers for today is expected to see big foreign institutional investors take up the shares on offer after the deal was restructured to cater to global-investor appetite.
KUALA LUMPUR: Fitch Ratings has affirmed Petroliam Nasional Bhd's long term foreign and local currency issuer defaut ratings (IDRs) at “A-” and affirmed its short-term foreign currency IDR at “F1”.
PENGERANG: Chinese voters in the Pengerang parliamentary constituency have been advised not to be influenced by the tactics used by the Opposition ahead of the general election.
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).
COMING from Sarawak and as a former Shell employee, I know very well how important the oil and gas (OG) industry is not just to Sarawak but the whole of Malaysia. But we have to move beyond being largely upstream producers to increase value at every link in the entire chain.