Penggerang to be major oil and gas hub in Asia Pacific

Penggerang (The Star/ANN) - The Petronas Refinery and Petrochemical Integrated Development (RAPID) project here is expected to lure investments totalling 120 billion ringgit (US$39 billion) in the next six years.

Prime Minister Datuk Seri Najib Tun Razak said besides investments from Petronas, a Taiwanese oil and gas company would also be investing in the area next to the Petronas complex.

"This means both complex will be able to process 450,000 barrels of oil per day," he said at the launching of the project by the Johor Sultan on Sunday.

Najib added that the project would turn the area into a major oil and gas hub in the Asia Pacific.

He assured locals not to worry about their livelihood as all the necessary compensation would be paid to them.

He also presented 1.24 million ringgit in aid to repair 124 homes of fishermen in the area.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Chronicling the komedya in Antique VERA Files - The Inbox
    Chronicling the komedya in Antique

    By Alex C. Delos Santos, VERA Files The first time Cecile Locsin-Nava, a scholar on cultural studies in Western Visayas, came to Antique around ten years ago was to gather data for a research on the korido, or Philippine narrative … Continue reading → …

  • Ayungin dilemma Ramon Casiple - Parallaxis
    Ayungin dilemma

    China faces a dilemma in Ayungin Shoal and other contested areas. If it waits for the ITLOS—which may decide against it—it would have tacitly bound itself to UNCLOS and risk a rogue state reputation if it asserts its claim in the South China Sea. If its militarily acts now, it may face international isolation. …

  • 48 nabbed in biggest anti-trafficking catch in Bongao VERA Files - The Inbox
    48 nabbed in biggest anti-trafficking catch in Bongao

    By Jake Soriano, VERA Files Bongao, Tawi-tawi—A team of Marines and policemen intercepted around noon Thursday 48 people, 12 of them minors, believed recruited by a human trafficking syndicate for work in Malaysia. The arrest constitutes what advocates called the … Continue reading → …

Poll Choice Options