Gulf Petroleum receives approval for $5bn Malaysia refinery

28 April 2008
Qatar-based Gulf Petroleum, part-owned by the state’s royal family, has received final approval from Malaysia’s government for the construction of a $5bn oil and gas complex in the state of Perak.

The 400-hectare site at Manjung was approved by Malaysia’s Ministry of International Trade and Industry on 25 April, according to Malaysia’s official state news agency, Bernama.

The first phase will involve the development of an oil refinery with capacity of 100,000-barrels-a-day (b/d) to 150,000 b/d, while an integrated petrochemicals facility is also expected to be built.

Gulf Petroleum has previously said that at least two Middle East national oil companies will participate in the project, along with other consortium members including major oil and gas groups, and prominent banking and insurance firms.

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