No ‘Plan B’ for Pengerang


Did I say that Mohd Yazid Jaafar is my senior?

Dateline 2014-06-23, The Rakyat Post:

With the main purpose of development at Pengerang – as an oil storage terminal – already realised, the major spillover benefits to the still-underdeveloped corner of southern Johor would have not taken off if Petronas hadn’t agreed to invest there recently.

“There was no ‘Plan B’ for major investments in the area,” said Johor Petroleum Development Corporation (JPDC) chief executive officer Mohd Yazid Jaafar at a recent media briefing.

“Without commitment from Petronas, development plans for the whole Pengerang area could have been badly delayed. We could have lost out to other projects about to take off in Singapore and Indonesia.”

Mohd Yazid explained that there is just a small window of opportunity over the next few years for Pengerang to attract petroleum majors and strategic downstream industry investors.

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