Monday, February 18, 2008

Gulf Petroleum to invest in oil and petrochemical refinery complex in Malay...

A memorandum of understanding (MOU) has been signed between Gulf Petroleum (M) Sdn Bhd and the Perak government. Gulf Petroleum Ltd. plans to invest RM15.8 bln to build an oil and petrochemical refinery complex in Malaysia. The refinery, to be located on a 400-hectare site in Manjung, Perak, Malaysia is being planned as a major hub for the Asia Pacific region. The complex would source its crude oil supplies from Gulf countries and re-export 60% of the output.

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