13 September 2011 08:54 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s state-owned oil and gas major PETRONAS plans to build a $1.6bn (€1.18bn) petrochemical complex in Brunei with Germany’s chemical major BASF, Malaysia’s state news agency Bernama reported on Tuesday.
The proposed complex could be built at Pulau Muara Besar in Brunei, the report quoted Malaysia’s Prime Minister Najib Razak as saying, but did not give further details on the investment.
In addition, PETRONAS’s subsidiary Malaysia Marine and Heavy Engineering Holdings will build a fabrication yard in Brunei, the report added, without elaborating further.
BASF and PETRONAS could not be immediately reached for comment.
($1 = €0.74)
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