Petronas’ $27b Pengerang complex on track for 1Q 2019 completion

KUALA LUMPUR (March 12): Pengerang refining complex “in good shape” for start-up in 1Q next year, with an aim to achieve stable operations by 3Q, Colin Wong, CEO of Petronas Refinery and Petrochemical Corp., says in interview in Kuala Lumpur.

* Two petrochemical plants, which were only decided on in 2016, will be complete slightly later in 2019

* Project within initial budget of $27b and has been financed by Petronas’ capex to date

** Co. looking at project financing now, which will also depend on the outcome of Saudi Aramco JV

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