Kuantan Port to house RM5.1 billion oil refinery complex


Dateline 2017-11-13, The Edge:

Kuantan Port Consortium Sdn Bhd and NewOcean Energy (Malaysia) Sdn Bhd, a unit of energy supplier Hong Kong-listed NewOcean Energy Holdings Ltd, have signed land sublease and terminalling agreements for the development of NewOcean’s oil refinery complex in Kuantan Port.

The project, estimated to cost approximately RM5.1 billion, comprises an oil refinery with an annual production capacity of 3.5 million tonnes, a tank farm serving as a storage depot for entreport trade purposes and a blending plant for various grade of petroleum products.

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