Malaysia’s Petronas refinery fire turns up heat on Asian petroleum markets


Dateline 2019-04-12, S&P Global:

A fire and explosion early Friday at Malaysia’s Pengerang Integrated Complex, operated by national oil company Petronas, rippled through regional petroleum markets including crude oil, refined products, petrochemicals and liquefied natural gas, due to the sheer scale of the project.

The downstream project includes the 300,000 b/d refinery and petrochemical facility, operated by Pengerang Refining and Petrochemical or PRefChem, a joint venture between state-run Petronas and Saudi Aramco. It is one of the largest greenfield refineries to be built in Southeast Asia in recent years.

The incident comes a few months after Petronas started up the Pengerang refinery’s crude distillation unit in January, having predicted commercial operations by the fourth quarter of the year. It was supposed to ramp up production of refined products including gasoline and diesel, and petrochemicals feedstock in the coming months.

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