Dateline 2016-11-25, Borneo Post:
THE Sarawak government and Petronas are currently undertaking the Sarawak Petrochemical Master Plan study covering the coastal areas of the state.
Assistant Minister of Industrial Development (Investment and Promotion) Datuk Julaihi Narawi said the study will look into the technical, commercial and economic feasibility of the petrochemical development in Sarawak.
“Among others, the study is expected to identify and recommend the suitable oil and gas downstream industries that the state can explore,” he said yesterday in his reply to Aidel Lariwoo (BN – Sadong Jaya) and Ripin Lamat (BN – Lambir) during the question and answer session at the State Legislative Assembly yesterday.
He said currently 100 per cent of oil resources and 93 per cent of gas resources are exported in raw form such as crude oil and liquefied natural gas (LPG).
“It is the intention of the state government to establish a robust downstream industry to increase participation in the higher value chain and thus creating a more sustainable industry for the state amidst the declining resources.